Bitcoin Wobbles At $92k As Trader Eyes End To ‘manipulative’ Btc...

Bitcoin faced troublesome resistance levels to end the Wall Street trading week as new bullish BTC price forecasts reappeared.

Bitcoin (BTC) battled stubborn horizontal resistance Friday with $94,000 next on bulls’ radar.

Bitcoin keeps up pressure on familiar resistance levels as optimism over market strength increases.

The recent pullback was the result of “manipulative” forces, analysis says.

Gold on the way to new all-time highs is an “extremely bearish” macro headwind for Bitcoin.

Data from Cointelegraph Markets Pro and TradingView showed wavering BTC price action after a trip to $95,500 the day prior.

Up against several resistance features on the daily chart, BTC/USD coiled for what some said should be a breakout move.

“Bitcoin is doing the choppy dance. Illiquid books, and therefore fast moves up and down for the position on $BTC,” crypto trader, analyst and entrepreneur Michaël van de Poppe wrote in his latest analysis on X.

Upside moves failed to result in resistance flips in December, and trader Daan Crypto Trades added the 200-period simple and exponential moving averages on the four-hour chart to the list of hurdles to clear.

“Consolidating against its 4H 200MA/EMA & The ~$94K horizontal resistance which acted as range high for the past couple of weeks,” he summarized.

Source: CoinTelegraph