BTC’s rally has stalled amid hawkish comments from the Fed officials.
The move came as U.S. markets opened for trade, suggesting strong demand from American investors.
BTC rose past the $90,000 resistance early Wednesday, defying the dollar strength.
DOGE’s price has surged 78% since Trump’s election win a week ago.
BTC’s breakout has the market in a state of euphoria, QCP Capital said.
Chart studies reveal that BTC’s price rally appears overstretched and could be primed for a classic “bull market pullback.”
Weekend pumps are considered bullish because they indicate broad interest and participation from smaller investors rather than just institutional players.
Trendline drawn off BTC’s April and November 2021 highs signals resistance at around $90,000.
Trump’s return to the White House has powered DOGE higher by 15%.
The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted.