๐ค๏ธ $BTC โ trying to stop the decline and start recovery๐๐๐
Today Bitcoin rose to โโฏ$92,300 after a recent drop below $88,000.
๐ What is visible on the chart:
The price has returned above the psychologically important level of ~โฏ$90,000 โ this could be the first "support" and a sign that sellers have slightly retreated.
Trading volumes remain moderate โ there is currently no mass excitement in the market.
But interest from buyers is increasing: BTC rose by ~1.8โ2% in a day.
๐ Key levels:
Support: around $90,000 โ if it holds, it may serve as a base for an attempt to bounce back.
Resistance: โโฏ$93,500โ$94,500 โ if this level is broken, further upward movement is possible.
๐ Conclusion:
BTC is currently moving very cautiously โ the price has stopped the decline and made a small bounce. If buyers maintain activity and the price can be held above $90,000 โ an attempt to rise to $94โ95โฏthousand can be expected. But without strong volume or a significant news catalyst, this movement may be short-lived.๐๐๐
$BTC
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$ETH
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