Analysts Say This Must Happen for Bitcoin to Take Out $90K Resistance

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:

• BTC bulls must flip the $90,000-$93,000 range into new support.

• 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,…