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Bitcoin Price Gears Up for New ATH: Will Bulls Push Through?

Bitcoin price is consolidating gains near the $90,000 zone. BTC is showing positive signs and might soon aim for a fresh increase above $92,000. Bitcoin started a fresh increase above the $90,000 zone. The price is trading above $90,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $89,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $92,600 resistance zone. Bitcoin Price Aims Another ATH Bitcoin price started a short-term downside correction below the $90,000 level. BTC traded below the $88,000 level before it found support. A low was formed at $86,621 and the price is now recovering higher. There was a move above the $90,000 level. A high was formed at $92,607 and the price is now consolidating. It is trading near the 23.6% Fib retracement level of the upward move from the $86,621 swing low to the $92,607 high. Bitcoin price is now trading above $90,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $89,600 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $86,621 swing low to the $92,607 high. On the upside, the price could face resistance near the $92,000 level. The first key resistance is near the $92,500 level. A clear move above the $92,500 resistance might send the price higher. The next key resistance could be $93,200. A close above the $93,200 resistance might initiate more gains. In the stated case, the price could rise and test the $95,000 resistance level. Any more gains might send the price toward the $98,000 resistance level. Another Drop In BTC? If Bitcoin fails to rise above the $92,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $90,000 level. The first major support is near the $89,650 level. The next support is now near the $88,000 zone. Any more losses might send the price toward the $86,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $89,650, followed by $88,000. Major Resistance Levels – $92,000, and $92,500. Coincu

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Democrats Seek Treasury Clarity on Tornado Cash’s Continued Operation After Sanctions

The ongoing saga of Tornado Cash continues to unfold as U.S. lawmakers push for clarity over its compliance with sanctions, underscoring the complexities of regulating decentralized finance. While Tornado Cash Coincu