Bitcoin has reasserted the $90,000 level, a move the market attributes primarily to technical factors rather than a new fundamental catalyst. Analysts say the level, once a defining resistance, has historically tended to trigger short-covering and momentum-driven buying when breached.
Kronos Research’s Vincent Liu notes that after a period of consolidation, price action has reconnected with a technical support level, reshaping the prior resistance into a new floor and underpinning near-term upside potential.
Bitrue’s Andri Fauzan Adziima argues that the recent ascent reflects technical relief from options expirations dynamics and the broader altcoin dominance correlation. He also notes that ETF outflows totaling over $1 billion tied to tax-loss harvesting and broader de-risking contributed to December market dynamics, with Bitcoin oscillating in a roughly $86,500–$90,000 range.
Source: https://en.coinotag.com/breakingnews/bitcoin-reclaims-90000-on-technical-momentum-amid-etf-outflows-options-expirations-boost-rally
