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Bitcoin’s (BTC) pre-FOMC rally on Wednesday stalled at $90,000 amid stiff overhead resistance and weak ETF demand. Still, several data points suggested that upward momentum may increase once the BTC/USD pair breaks above $93,000.
Key takeaways:
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BTC bulls must flip the $90,000-$93,000 range into new support.
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Spot ETF outflows are stabilizing, suggesting a reduction in institutional sell pressure.
Bitcoin price must reclaim $93,000 as support
The BTC/USD dropped into a new range between $86,000 and $90,000,…
