Crypto markets are trending higher as investors anticipate Friday's crypto summit.
Crypto markets are trending higher as investors anticipate Friday's crypto summit.
* **Bitcoin (BTC) is currently trading at $89,918 and is up 0.48% in the past 24 hours. The cryptocurrency is still struggling to stay above the $90,000 mark as bulls are running out of time.
* A crypto trader, is warning that a move lower could see a sweep of the $78,260 lows.
* Bitcoin price action is showing two consecutive weeks of downside deviations, according to Rekt Capital. However, a weekly close above $93,500 would signal strength, reclaiming key support with a higher low forming.
* Crypto trader MaxBecauseBTC is comparing the current market to Q1 in 2017, when BTC had 2-3 months of sideways trading under Trump before a parabolic rally from April to December.
* As the DXY declines, BTC could follow a similar bullish trajectory if history repeats itself.
* Jelle is highlighting Bitcoin's attempt to push towards $90,000 again, adding that a successful reclaim of resistance would confirm a massive deviation of range lows.
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