4 Reasons Bitcoin’s Rally Stalled at $89K

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The RSI and whale activity are among the reasons.

The start of the business week was quite positive for bitcoin, as its price jumped by several grand from the weekend stagnation and hit a multi-week peak of just under $89,000.

However, it faced immediate resistance at that point and was pushed south to under $87,000 as of now. Here are some of the possible reasons behind the correction.

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