Bitcoin Breaks $90,000 Barrier: Resistance and Liquidity Remain Key Concerns

Bitcoin surged past the $90,000 mark in December, driven by hopes of a Federal Reserve interest rate cut. However, Singapore-based firm QCP Capital warns that this rally may face resistance around the mid-$90,000 level due to persistent inflation and limited market liquidity. While some analysts see a strong support area at the $80,000-82,000 mark, QCP Capital highlights supply pressures as a potential obstacle for continued growth near the mid-$90,000 mark.