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Bitcoin struggles to break $92,000 resistance; what's next?
Business
Bitcoin is sitting at $90,200 today—down about 2% from this time last year.
It's facing a big hurdle at $95,000, a resistance level set after last October's major selloff.
If it manages to push past $95,000 soon, things could get interesting.
Why does this matter?
If Bitcoin breaks through that $95,000 psychological barrier, we might see more buyers jump in and prices aim for six figures.
Some analysts even think it could reach $200K by the end of the year if market conditions play along.
But with strong US economic data making a Fed rate cut less likely in March, momentum for risky assets like crypto is on hold for now.
Plus, everyone's watching what Washington decides on new crypto rules and tariffs—so there are still plenty of twists ahead.