BTC Update: Testing Support Near $90,000 – What’s Next? 📉🚀
Bitcoin (BTC) is currently undergoing a minor correction after hitting a 24-hour high of $93,420. We are seeing some volatility as the price hovers around the $90,950 mark.
Key Technical Levels to Watch:
Support Zone: The immediate support sits at $90,777. If $BTC
holds this level, we could see a quick bounce back. A break below this might lead to a test of the $90,000 psychological floor.
Resistance Zone: For a bullish reversal, BTC needs to break and close above $91,500 on the short-term charts.
Next Targets:
🎯 Bullish Target: $92,500 —> $93,400
🎯 Bearish Target: $89,800 —> $88,500
Market Sentiment:
Despite the 2.2% drop today, the order book remains heavily weighted toward buyers (nearly 70%). This indicates that large players are likely accumulating at these prices.
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