06:19
Bitcoin breaks through $93,000 but may face "false breakout" risk: ADA, ETH, XRP rise simultaneously
Bitcoin briefly broke above $93,000, boosting the entire crypto market, but several traders warned that this move could be a “false breakout,” as market structure remains fragile and volatility is still high. The core focus of the current market is whether Bitcoin can stabilize within the key support range of $90,000–$91,000.
Analysts pointed out that Bitcoin quickly pulled back after breaking $93,000, indicating a lack of bullish momentum. Bitunix analysts stated that the current trend “looks more like a choppy correction” and noted that $93,200 has become a new resistance level. If Bitcoin falls below the key support zone, downside risks may increase again.
- 1

