Bitcoin’s Struggle Continues: Key Levels to Watch

Bitcoin’s price action over the past two months has been frustrating, with the price stuck in a range.

The brief drop to the 90K zone following Trump’s tax announcement was quickly reversed. However, after a spike above 100K, BTC has once again been consolidating below this key level for the past two weeks.

At the time of writing, BTC/USD is sitting on newly formed support at 95K. A break below this level could lead to another test of 90K.

If bulls fail to hold the 90K support, the price could extend its decline, potentially dropping to 85K in the first instance.