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