Bitcoin Gives Up $90k At Us Open As Two-week Exchange Outflows Near...

Bitcoin failed to successfully retest the yearly open after US sell-side pressure reentered to start the week, keeping volatility firmly in control.

Bitcoin (BTC) fell back below $90,000 around Monday’s Wall Street open as US selling pressure returned.

Bitcoin keeps volatility coming as US sellers send price back below $90,000.

Liquidations remain steady as investors stay on the sidelines amid indecisive price action.

Evidence of buying the dip is visible across exchanges over the past two weeks.

Data from Cointelegraph Markets Pro and TradingView showed BTC price action staying volatile as the TradFi trading week got underway.

Having passed $92,000 during the Asia session, BTC/USD soon ran out of upward momentum, abandoning a potential retest of the yearly open at $93,500.

“This is exactly why you'll need to stay calm for a little bit if there's a move on $BTC. Great move on some Altcoins today, but harsh rejection on the crucial resistance of Bitcoin,” crypto trader, analyst and entrepreneur Michaël van de Poppe reacted in a post on X.

Van de Poppe said that he hoped for a higher low to form next, also flagging $86,000 as an important level.

“And, what if that doesn't happen?” he continued about the higher low.

Source: CoinTelegraph