Bitcoin 4 hr Chart 📊 Support: 91,700$ Other Support: | iemlizy on Binance Square

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Bullish

Bitcoin 4 hr Chart 📊
Support: 91,700$
Other Support: 90,400$
Resistance: 93,700$ - 93,250$
Other Resistance: Mentioned in the Chart.$BTC #BTCRebound90kNext? 

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Based on the latest market analysis, Bitcoin is indeed showing signs of a rebound and is currently trading above the $90,000 mark. However, analysts are watching key resistance levels to see if this recovery has staying power. For a quick overview, here are the key levels that traders are watching closely: Analysis Focus Key Levels to Watch Major Resistance 🚧 $90,000, $91,750, $92,500 Immediate Support 🛡️ $86,700, $86,200, $85,000 Critical Support ⚠️ $83,800, $74,000 - $76,000 📈 What's Driving the Rebound? The recent price increase is part of a recovery wave from a low near $80,595** . This rebound comes after a significant correction from Bitcoin's October peak of over **$126,000 , which had erased its gains for 2025 . Several factors are influencing this volatility: · Institutional Activity: There have been significant outflows from Bitcoin Exchange-Traded Products (ETPs), contributing to selling pressure . · Macroeconomic Uncertainty: Shifting expectations around U.S. Federal Reserve interest rate cuts are creating uncertainty, making investors cautious . · Technical Pattern: A "death cross" technical pattern recently appeared on charts, which some analysts view as a warning signal for a potential downtrend . 🔭 What Are Analysts Saying? Market experts have mixed views on the short-term trajectory, but long-term optimism remains. · Short-Term Outlook: The current rebound could be a springboard for a move toward $96,000-$99,000 if buying pressure is sustained . However, if the price fails to hold above $90,000, another decline toward the **$74,000-$76,000** support zone is possible . · Long-Term Forecast: Despite short-term volatility, the long-term outlook is overwhelmingly bullish. Some analysts from major financial institutions like JPMorgan see Bitcoin's potential climb to $240,000 as a long-term, multi-year growth opportunity. The path ahead for Bitcoin depends on whether it can consolidate above the $90,000 level. I suggest you keep an eye on trading volume and daily closing prices. #BTCRebound90kNext? #USJobsData $BTC

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