Bitcoin price rejected at $90K again: What will trigger breakout?

Heavy outflows from Bitcoin ETFs have diminished, putting BTC price in a better position to overcome the next hurdle at $93,000.

Bitcoin’s (BTC) pre-FOMC rally on Wednesday stalled at $90,000 amid stiff overhead resistance and weak ETF demand. Still, several data points suggested that upward momentum may increase once the BTC/USD pair breaks above $93,000.

Key takeaways:

BTC bulls must flip the $90,000-$93,000 into new support.

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