$BTC Bitcoin is currently trading at $89,234.91, with a market cap of $1.80 trillion. The cryptocurrency has seen a slight decrease of 0.32% in the last 24 hours, with a trading volume of $35.97 billion.¹
*Key Developments:*
- Bitcoin's price is hovering around the $88,000 support zone, with analysts predicting a potential bounce.
- Whales have cashed out over $86 million in profits, indicating a possible short-term correction.
- The cryptocurrency's RSI is at lower levels, reflecting seller fatigue and improving bounce potential.²
*Market Sentiment:*
- Bitcoin remains in a neutral-but-fragile structure, supported by strong demand at $88,000 but restricted by supply near $90,000.
- Analysts predict a potential breakout above $90,000 could unlock short-term upside toward $95,000.
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