📉 Has BTC exited the correction zone?
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🔎 In short: No — the price has not clearly exited the technical correction zone yet.
📍 Current market situation
Bitcoin is still trading within a corrective range forming after its decline from an all-time high above $126,000 in October, where the price remained in the $85,000–$90,000 area as key support and resistance.
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The current decline still reflects an extended corrective phase and not the beginning of a confirmed bullish trend. 💥
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Some technical analyses suggest that BTC needs to re-break higher resistance areas (like $92,000–$94,000) to prove its exit from the upward correction. 💥
📊 Important levels confirming exit from correction
Level
Importance
$92,000–$94,000
A clear break creates strong bullish momentum and indicates an exit from the correction range. 💥
Above $95,000
Gives greater confidence for the beginning of a new upward wave. 💥
Below $85,000
May indicate an extension of the correction and possibly a deeper bearish trend. 💥
Live chart showing Bitcoin movement over the last 5-minute intervals 💥
Each candle represents 5 minutes of price movement. 💥
finviz.com
The live chart updates continuously with market movement. 💥
finviz.com
The price is currently ranging around levels of approximately $87,000–$89,000 (may vary by platform) 💥
