Bitcoin Pulls Back After Rally. What Can Get the Crypto Back on Track.

By Elsa OhlenBitcoin and other cryptocurrencies pulled back early Thursday after a recent rally that propelled the world's largest digital coin to its highest level since before president Trump's " Liberation Day."Bitcoin is down 1.9% to $92,370 over the last 24 hours, according to CoinDesk data. It hit $94,000 on Wednesday amid easing trade tensions between the U.S. and China.Among other cryptocurrencies, Ether fell 1.8%, XRP dropped 4.5% and Solana was down 2.5%. Dogecoin led losses early Thursday, down 5%.Bitcoin's surge is finding resistance around $91,275, suggesting potential selling pressure as traders aim to break even, Ryan Lee, chief analyst at Bitget Research said Thursday."Without sustained ETF inflows or a decisive move above $95,000, Bitcoin may consolidate or retrace to the $85,000 — $90,000 range," Lee added. "Investors are advised to closely monitor macroeconomic indicators and market liquidity, as these factors will likely influence Bitcoin's near-term trajectory."Write to Elsa Ohlen at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.