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Bitcoin Price Analysis: BTC Faces First Major Test After 13% Weekly Rally

• Bitcoin is currently testing a significant resistance zone between $86K-$89K after a notable recovery from $75K, with momentum remaining constructive but showing signs of hesitation.
• A rejection from this resistance could lead to a pullback towards the $80K-$82K demand zone, while a breakout above $89K would strengthen the bullish outlook.
• The price is approaching key realized price levels for various holder cohorts, indicating potential selling pressure as it nears the $88K-$90K range, which could impact future price movements.

https://cryptopotato.com/bitcoin-price-analysis-btc-faces-first-major-test-after-13-weekly-rally/
CryptoPotato Bitcoin Price Analysis: BTC Faces First Major Test After 13% Weekly Rally Bitcoin’s latest leg up has carried the price directly into a major overhead supply region, putting the rally at an important test. Momentum remains
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