Bitcoin is currently trading in a very critical zone today. The price is moving around the 89,000–91,000 dollar range which shows that the market is in a phase of uncertainty and high volatility. Recently Bitcoin was rejected near the 95,000 dollar level after which a short term correction started. Now the market is trying to decide whether the next major move will be upward or downward.
From a technical perspective the 90,000 dollar level is the most important support right now. If Bitcoin manages to hold above this level the bullish structure will remain intact and the price can move again toward the 93,000 to 95,000 dollar zone If strong buying pressure enters the market and Bitcoin breaks above 95,000 dollars the next targets could be 100,000 dollars and even 110,000 dollars. In this scenario the market could experience strong bullish momentum and FOMO among traders.
On the other hand if Bitcoin fails to hold the 90,000 dollar support the downside risk will increase significantly. The first potential drop could be toward 88,000 dollars and if selling pressure becomes stronger, the price may fall to the 85,000 dollar level or even into the 80,000–75,000 dollar zone. In such a situation the market may turn temporarily bearish and panic selling could appear.
In terms of indicators momentum is currently mixed. The RSI is near the neutral zone which indicates that the market is neither overbought nor oversold. Moving averages suggest that the long term trend is still bullish, but a short term correction is ongoing. This means the bigger trend remains positive but short term trading carries higher risk.
From a fundamental perspective Bitcoin is also influenced by global factors such as macroeconomic uncertainty interest rate expectations institutional inflows and geopolitical tensions. These factors are playing a key role in shaping market sentiment and could trigger a strong breakout or breakdown in the coming days.
Overall Bitcoin is at a turning point. If it holds above key support levels a bullish rally toward 100,000 dollars is possible. If it breaks below support, a deeper correction may occur. Traders should closely watch the 90,000 and 95,000 dollar levels, as these zones will likely decide the next big move of Bitcoin.#USIranMarketImpact $BTC
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