Bitcoin’s Climb Hits Resistance: Key Price Level Impacts Market Direction

Bitcoin is currently encountering resistance at a critical price level, according to CryptoQuant data. The range between $91,000 and $92,000 acts as a significant barrier for the cryptocurrency’s upward momentum. This ‘Trader’s Realized Price’ point, reflecting average trading costs on-chain, is seen as an area of potential support in past bull markets but resistance during market downturns. Experts are analyzing this pivotal level as it signifies a crucial turning point for Bitcoin’s long-term trajectory.