Bitcoin Struggles Below $90K as Traders Eye Dips

[cryptohog]

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Bitcoin (BTC) stayed under pressure Tuesday, trading near $87,343 as Wall Street opened, with traders betting on further downside. BTC has repeatedly failed to break the $90,000 mark, encountering stiff resistance at the 200-period SMA and EMA on four-hour charts.

Some analysts, like Daan Crypto Trades, note that clearing this “moving average cloud” is crucial for Bitcoin to escape its choppy range. Meanwhile, Crypto Tony is waiting for dips toward $86,800 to open long positions, signaling that traders are still hunting for buying opportunities in the market.

With gold and silver hitting record highs, BTC’s range-bound behavior highlights a temporary divergence from traditional safe-haven assets, leaving many to watch closely for a breakout before year-end.