The
largest
crypto
retraced
around
5%
to
the
low-$85,000
level
earlier
Tuesday,
shaking
out
some
late
leveraged
buyers.
The
pullback
didn’t
last
long,
though,
with
prices
quickly
rebounding
and
clinching
a
new
all-time
high
of
$90,100
on
Coinbase‘s
BTC-USD
pair
towards
the
later
hours
of
the
U.S.
session
before
giving
back
some
of
the
gains.
The
CoinDesk
Bitcoin
Index
(XBX),
which
tracks
pricing
data
from
multiple
exchanges,
hit
$89,971
as
the
price
on
Coinbase
topped
$90,000.
The
$90,000
level
could
pose
a
significant
barrier
for
bitcoin’s
rise,
at
least
for
the
short
term.
On
popular
crypto
exchange
Binance,
order
book
data
of
the
most
liquid
trading
pair
BTC-USDT
showed
mounting
sell
orders
at
the
$90,000
level.
Positioning
on
the
options
market
also
suggest
that
BTC’s
rise
may
stall
out
in
the
$90,000-$100,000
range.
