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The price of Bitcoin rises to over 91,000 Dollar
The recent movement of Bitcoin has been characterized by surpassing critical resistance levels. The price managed to break through the barrier of 88,700 US Dollars, and is heading towards its next target: the range of 90,000 to 94,000 US Dollars. At the time of writing this report, the price of Bitcoin was trading at 91,245 US Dollars, up by 3% from its lowest level of the day, and up by 7% over the past week.
According to market analyst "Dan Crypto Trades", the price of Bitcoin is facing resistance from its 200-day Simple Moving Average (SMA) at (, which is slightly above the $89,000 level. In a recent post, Dan emphasized the importance of surpassing these levels to confirm the continuation of the breakout. He added: "With several resistance levels nearby, but with a few relative moves, they will all break through."