Bitcoin has once again failed to surpass key resistance points, staying under $90,000 due to selling by short-term holders and limited liquidity.
Struggle Against Resistance
Bitcoin price reached $88,752 on March 24 but then fell to $84,500. The $88,000 resistance level draws attention as its failure to break reduces the chances of reaching $90,000.
Market and Liquidity
Bitcoin's price decrease is linked to reduced liquidity and demand from new buyers. On-chain transfer volumes have sharply declined by 47%, and active addresses have decreased by 18% since November 2024.
Growth Prospects
Until Bitcoin breaks the resistance level, analysts suggest the trend will remain unchanged, with historical patterns showing several rejections before a decisive move.
Traders continue to monitor Bitcoin closely to assess its potential for further movements.
