Gold rally and weak dollar coincide with Bitcoin resistance at $90,500

Bitcoin is facing resistance at $90,500 while bulls continue to apply pressure, and Cointelegraph says a gold rally, the FOMC outcome and a weak dollar may extend the crypto market rally. Fundstrat managing partner Tom Lee told CNBC that cryptocurrencies should rise on a weaker dollar but traders have been piling into gold and silver, with Lee suggesting crypto could “catch up” after the metals rally pauses.

Market intelligence firm Santiment said social media saw more discussion about silver and gold than about cryptocurrencies on most days this month, and Coinglass data shows February historically has had only three negative monthly losses since 2013 and a median rise of 12.21%. On Bitcoin charts, the relief rally has reached the moving averages where bears are expected to challenge buyers; a turn down could drop BTC to $84,000, with a close below that risking falls to $80,600 and $74,508.

A break and close above the moving averages would open a rally toward the $94,789–$97,924 resistance zone and could signal the corrective phase is over, Cointelegraph’s analysis says. Ether re-entered a symmetrical triangle and faces moving-average resistance, with a failure risking a drop below $2,787 toward $2,623 and a close above the averages improving the chances of a move to $3,659.

BNB is testing the 20-day EMA at $897 and could reach $928–$959 then $1,020 if buyers prevail, while a break below the uptrend line would expose $790.

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