BTC Nears Resistance

[umair]

Bitcoin is once again approaching a major psychological resistance level around $90,000, and this has traders buzzing about whether we’ll see a breakout or a rejection soon. According to a FX Leaders price update, BTC recently climbed about 2% in a single day, bringing it closer to $90K than it’s been in a while.

This is a key moment because Bitcoin has struggled at this area before, and breaking above it could shift market sentiment sharply bullish. At the time of writing, BTC is trading just under $90K and still below important moving averages like the 100-day and 200-day, which means technical resistance is still significant.

If Bitcoin manages to clear $90,000, the next psychological target is $100,000, which hasn’t been convincingly sustained since earlier cycles. The article points out that strong selling pressure could occur near $90K, especially if buyers push the price above that level without enough volume behind the move.

Positive developments in the regulatory landscape are also helping sentiment. A newly proposed regulatory framework for cryptocurrencies — if passed — could make trading more secure and encourage broader institutional participation. This regulatory optimism is one reason some analysts are calling for a potential rally beyond $90K later this year.

In the short term, Bitcoin may face selling pressure after touching resistance, but a decisive break and hold above $90K could put BTC back on track toward its next major milestone. Traders should watch volume and price action closely in the coming hours and days.