Bitcoin faces critical resistance to $ 91,000 as a short-term holder floating on break and tradingwiev News

Bitcoin prices have received only 0.95% in the past week in the past week of intensive market consolidation. Prime Minister Cryptocurrency is struggling from 85,000 to 86,000 prices in the amount of $ 85,000 after impressive prices in the second week of April. However, a popular crypto analyst Ali Martinez identified the main resistance to the price for the current support of Bitcoin.

Bitcoin sth realized price at $ 91,000 represents the main moment of make-or pause

In a recent post in KS, Martinez says Bitcoin faces key resistance level at $ 91,275 after recovering the price in early April. Significantly, the property increased by 17.33% after reaching a price of $ 75,000. April. However, the BTC has entered consolidation after this feat, creating a significant movement price in one direction.

Over the past week, the leader on the crypto market started only between 84,000 to $ 86,000, forming a tight market-related market. However, in the midst of these combat, Martinez says that Bitcoin short-term carriers realized the price to $ 91,2775, indicating key resistance to a recent area of ​​the market in front of.

For the context, the realized price of the short-term holders is the average price on which new customers (ie new investors Bitcoin in the last 155 days) gained their BTC. It is an important technical indicator used to assess short-term market feelings and behavior.

When the market price is above the price of STH, it indicates that the momentum appears because the recent customers are in profit and will probably be retained. In this case, the sth realized price serves as a strong level of support, and the new participant in the market often defends its entry zone.

However, when Bitcoin’s price below ST has been realized the price currently seen in the market, the realized price forms a significant psychological resilience of price. This is because many short-term holders can choose to go out after the break break even increases sales pressure around that zone.

Therefore, Bitcoin returned to $ 91,275 is essential to confirm sufficient potential for fluctuations to submit a complete price reversal.

Price review Bitcoin

At the time of writing, Bitcoin is traded from $ 84,872, reflecting rising prices of 0.14% in the last day. Meanwhile, the premiere cryptocurrency decreased by 1.34% on its monthly chart because bear pressure continues to decline.

Although the main market resistance to $ 91,000, Bitcoin faces an immediate opposition at the price of $ 86,000, piercing the past that could encourage sharp price growth at $ 91,000. However, the drop in the price below support to $ 84,500 could result in a further price of sliding to $ 84,000 with the potential to trade only $ 83,300.