Bitcoin Breaks $90K, but Traders Aren’t Chasing the Rally
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Bitcoin climbed back above $90,000 over the weekend, raising questions about whether it has enough momentum to revisit $95,000 for the first time in seven weeks. The move came even as US equities showed mixed signals, with the tech-heavy Nasdaq struggling to regain key levels amid growing macroeconomic uncertainty.
Despite the price rebound, traders remain cautious. Weak economic signals—including disappointing delivery numbers from Tesla—have kept risk appetite in check. The result is a Bitcoin market that’s holding key levels, but lacking the conviction typically seen during sustained breakouts.