Bitcoin price is on a recovery trajectory following a drop below the $90,000 mark. Currently, BTC is trading above $94,000, signaling a potential rebound.
Crucially, Bitcoin has surged past important levels, including $91,500 and $93,200, and exceeded a connecting bearish trendline resistance at $92,000.
However, it faces substantial resistance at $95,800. An upward movement beyond this point could drive Bitcoin towards the $97,400 and eventually $98,800 resistance levels.
Failure to breach $95,800 may trigger another decline, with support expected at $94,000 and $93,200, testing the $90,000 area if the downward trend resumes.
Źródło: www.newsbtc.com ↗