Bitcoin remained under pressure at $94,000 as the US trading session opened on November 20. BTC/USD rebounded from $91,500 to reach a new high of $94,374 on Bitstamp.

Trader Skew noted changes in liquidity on exchange order books. CrypNuevo expects resistance around $96,000, while long-term investors are selling, seen as a market top signal.

BlackRock’s Bitcoin ETF fuels market reaction by boosting institutional adoption