#BTC Technical Analysis......
Bitcoin's current price is around $90,115, showing a slight recovery from recent lows. The big question is, can it sustain above $90,000 and move higher?
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Technical Analysis
The $90,000 level is a crucial support zone, with analysts expecting a potential rebound if it holds.
Resistance levels are at $92,000, $94,600, and $100,000.
A breakout above $90,000 could push Bitcoin toward $94,600, followed by $108,000 and $116,000 if momentum builds
Market Sentiment
Institutional buying and corporate acquisitions are supporting price stability.
Expectations of a Federal Reserve rate cut are boosting risk assets like Bitcoin.
However, sentiment remains cautious, with some analysts warning of potential downside risks
Factors to Watch
Federal Reserve policy announcements
Institutional buying patterns and ETF inflows
Global economic conditions and liquidity trends
Overall, Bitcoin's path forward is uncertain, but analysts believe it could rebound to $100,000 or higher if it sustains above $90,000 and institutional demand grows
