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Bitcoin needed a return of retail and institutional demand for BTC to clear the next big hurdle at $90,000 and to spark a new rally toward six figures.
Bitcoinās (BTC) end-of-year rally to $90,000 appeared to be stalling due to a lack of demand and weak onchain activity. However, a new technical setup suggested that momentum will increase once the BTC/USD pair breaks above $90,000.Ā
Key takeaways:
Apparent demand and buying from US investors must recover to secure a New Year rally for BTC.
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