Bitcoin is facing resistance above $90,000, with traders speculating a potential pullback that echoes past declines in equities, particularly those linked to Trump.
Jerome Powell's commentary on monetary policy adds to the concerns surrounding cryptocurrencies, as risk assets experience pressure amid caution from Federal Reserve officials.
Despite the current challenges, there is optimism among investors that Bitcoin's price could surge beyond $100,000, especially in light of its recent growth since Trump’s victory.
Indicators such as the MVRV ratio suggest Bitcoin is not yet overvalued, leaving room for growth, although warnings of a potential price decline linger.
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