Bitcoin Rebounds Above $90,000 Amid Easing Institutional Selling Pressure
- Bitcoin has surged back above $90,000 after intense selling pressure.
- The Coinbase Premium Index remains negative, indicating continued institutional selling.
- Institutional sell pressure has eased since the peak on November 21, but remains a concern.
- The market is cautious as Bitcoin trades below key moving averages, indicating short-term weakness.
Despite Bitcoin’s rebound above $90,000, the market remains wary due to ongoing institutional selling and negative Coinbase Premium Index readings. The recent uptick offers temporary relief but does not confirm a reversal in trend.
Key resistance levels and moving averages must be reclaimed for sustained bullish momentum. Institutional activity continues to shape market dynamics as investors watch for signs of a larger recovery or further decline. Source
