Analyst: Bitcoin Retests Key Resistance Level, Breaking $90,000 May Trigger a Double Blow to Technicals and Psychology

BlockBeats News, May 5th, according to CoinDesk, FxPro analyst Alex Kuptsikevich stated, "We have returned to a key resistance area that previously acted as support between December last year and February this year. The next downside targets are $92,500 and $89,000. If Bitcoin falls below $90,000, it will be a blow both technically and psychologically, and it will also break below the 200-day moving average."