Bitcoin sellers lurk in $88K to $90K zone — Is this week’s BTC rally losing steam?

Many Bitcoin (BTC) traders became bullish this week as prices rallied deep into the $88,000 level, but failure to overcome this level in the short term could be a take-profit signal. Alphractal, a crypto analytics platform, noted that Bitcoin whales have entered short positions at the $88,000 level.  In a recent X post, the platform highlighted that…

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Bitcoin battles US sellers as CPI inflation sees first drop since mid-2024

Bitcoin (BTC) saw a classic Wall Street sell-off on Mar. 12 as bears tempered a welcome US inflation slowdown. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price reverses at key bull market trendline Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching three-day highs of $84,437 on Bitstamp before reversing. The January print of the…

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