Bitcoin, Ethereum, XRP, Dogecoin Rise But 'Bulls Are On Borrowed Time': Reclaiming $90,000 Could Trigger A Major Deviation

Crypto markets are trending higher as investors anticipate Friday's crypto summit.

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Trader Notes: As Bitcoin struggles to stay above the $90,000 mark, crypto trader Justin Bennett warns that bulls are on borrowed time, noting a rejection at the $92,000 monthly resistance could lead to a sweep of $78,260 lows.

Rekt Capital highlights Bitcoin's two consecutive weeks of downside deviations, but a weekly close above $93,500 would signal strength, reclaiming key support with a higher low forming.

Crypto trader MaxBecauseBTC draws parallels to Q1 in 2017, when BTC saw 2-3 months of sideways trading under Trump before a parabolic rally from April to December.

He notes that as the DXY declines, BTC could follow a similar bullish trajectory if history repeats itself.

Jelle sees Bitcoin attempting another push towards $90,000, stating that a successful reclaim of resistance would confirm a massive deviation of range lows.

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