📢 Today's Update for the Market: Bitcoin $BTC
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As we mentioned earlier, Bitcoin faced rejection at the descending trend line, and it has now dropped to the bullish demand area + strong support around 111,800 – 112,300 on the hourly timeframe. The price is currently in a consolidation phase within this area, which will determine the next movement.
🔹 If this support holds, we may see a bounce towards 113,500 – 114,500.
🔹 However, if it fails to hold, a decline towards 110,000 – 109,000 is likely.
BTC
90,230
-2.51%