Bitcoin price pauses at $90K: What will trigger a New Year rally?

Bitcoin is currently stalling at the critical psychological barrier of $90,000. To push beyond this level, a resurgence in retail and institutional demand is essential. This level acts as a significant indicator for Bitcoin to overcome the next big hurdle and aim for six figures. Many traders are observing this price range closely, particularly in view of the increasing market expectations leading into the holiday season. With heightened attention on Bitcoin as the New Year approaches, there is growing speculation that a return of institutional and retail investor interest could spark further price increases. It's crucial to also consider supply dynamics, as surpassing $90,000 may set a target near $120,000 subsequently. As such, investors are advised to remain vigilant regarding Bitcoin's trajectory and to also keep an eye on overarching economic indicators and market factors that could influence trends in cryptocurrency.