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Bitcoin Stalls Near $93K As Traders Watch Key Resistance - Crypto Economy
Bitcoin (BTC) hovered around $93,000 on Jan. 5 after a sharp move higher, with a technical analysis note framing the zone as a key resistance test near $93,000 to $93,500.
CoinMarketCap data showed BTC at $93,040.76, up 2.01% in 24 hours, after trading between $90,877.05 and $93,204.68. The token’s 24-hour volume was $34.04B, while market cap stood near $1.85T.
The same note flagged short-term conditions as overbought, implying the rally may need a cooldown. A dip toward $90,000 was cited as a potential support retest; a sustained break and hold above $93,500 would put $101,000 in focus.
Source: CoinMarketCap.
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.