| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107349.9300000000 |
| ETH | $2437.1850000000 |
| BNB | $646.1292000000 |
| XRP | $2.1948970000 |
| ADA | $0.5630971000 |
| SOL | $149.7327000000 |
| DOGE | $N/A |
| DOT | $3.3746900000 |
| LTC | $86.7769000000 |
| LINK | $13.2466200000 |
Category: CRYPTO NEWS
The post Bitcoin Price Breaks Resistance Now Trading Near $93k appeared on BitcoinEthereumNews.com. Bitcoin price surges past key resistance, trading near $93,000, highest since early March Major altcoins (ETH, XRP, DOGE, SOL, SUI) follow Bitcoin’s upward momentum with gains Analysts now see the earlier resistance near $91,500 as the new support; sentiment positive Bitcoin kicked off the week with a strong rally, pushing above $89,000 to hit its highest price since early March. Now trading near $92,991 Wednesday morning, this move marks a significant recovery of nearly 20% from its April lows, standing out especially as traditional stock markets continue to show declines. Analysts believe the surge is being fueled by growing institutional demand, fresh inflows into Bitcoin ETFs, and a weakening U.S. dollar. Several major cryptocurrencies are following Bitcoin’s upward momentum. Ethereum (ETH) has climbed over 1% and is now trading above $1,640. XRP is also seeing gains, up 0.6% as it tests the $2.10 mark. Dogecoin (DOGE), the popular meme coin, has jumped 3.6% and is trading above 16 cents. Solana (SOL) has added 3%, while Sui has surged by 6%. Key Levels Shift After Bitcoin’s Surge With Bitcoin breaking higher, key technical levels come into focus. CryptoQuant analyst Crazzyblockk explained that Bitcoin’s short-term holder cost basis, calculated around $91,500, previously acted as strong resistance. Related: Bitcoin Bulls Battle 90k Resistance Zone Fueled By Trump Tariff Woes Now that the price trades above it, this $91.5k level becomes a critical area to watch as potential new support. Further down, the $83,700 zone remains solid underlying support, bolstered by buyers who entered during recent dips. According to the analyst, a sustained hold above $91,500 would confirm the breakout’s strength and could open the door for further upside targets. Conversely, should Bitcoin slip back below the major $83,700 support level, it could trigger renewed selling pressure from short-term traders. Technicals and Sentiment Remain…
2025-04-23T03:42:09+00:00