Bitcoin's Struggle to Hit $90K: What's Holding It Back?

Bitcoin's journey to reach $90, 000 is facing some serious hurdles. The demand for Bitcoin has taken a nosedive, hitting a low not seen since October. This drop in demand is a big red flag for investors. It shows that people are being cautious and not jumping in to buy Bitcoin right now. The Coinbase Premium Index, which shows how much US investors are into Bitcoin, has also taken a hit. It's been negative for the past two weeks, meaning more people are selling than buying. This isn't a good sign for Bitcoin's price. Analysts are saying that until this changes, investing in Bitcoin is risky.Bitcoin's price is also struggling to break past the $90, 000 mark. It's been rejected four times since mid-December. But there's still hope. If Bitcoin can reclaim the $90, 000-$92, 000 zone, momentum might start to build again. Some analysts are even predicting a big rally if Bitcoin can break out of its current pattern. But others think Bitcoin might stay in its current range until volatility picks up again.