Bitcoin gets $90K short-term target amid warning support 'isn't safe'
Bitcoin (BTC) reached a three-day low of $83,974 before rebounding, dropping 1.5% on the day. Analysts expressed skepticism about the $83,000 support level, suggesting a potential liquidity grab could occur. Mark Cullen indicated that the price range for Bitcoin over the Easter weekend would likely remain between $83,000 and $86,000. Daan Crypto Trades noted that market activity might increase next week due to compressed charts, with significant moves possible from market reactions. A chart indicated a potential "gap" in Bitcoin futures prices that could act as a short-term price magnet. Rekt Capital reported that Bitcoin had broken out of a multimonth downtrend and successfully retested it as support, maintaining above this level for several consecutive days.
