Analyst: BTC needs to rise to $90,000 to end the current prolonged consolidation

ChainCatcher news, according to Cointelegraph, market analyst Daan Crypto Trades stated that Bitcoin may continue to consolidate in the current range for a while, especially if the $90,000 level cannot be reclaimed. He pointed out that since March 11, the price movement of BTC has been "volatile." However, if the price returns to the previous range (above $90,000), sentiment and momentum will shift back in favor of the bulls, and once that happens, Bitcoin could quickly reach new highs. But if it fails to break through $90,000, Bitcoin may retest the price levels of $73,000 to $74,000.