Bitcoin (BTC) Price Pullback – Where’s the Next Strong Support? 📉

Bitcoin has experienced a recent price pullback, with its value declining to approximately $93.5K. This price dip has brought renewed attention to the important support level of $91K, which stands as the average cost basis for short-term holders. Investors are now keenly watching whether Bitcoin can maintain its position above this pivotal threshold.

The outcome of BTC's ability to hold above $91K is crucial for short-term traders, as breaking below this level could signal further price downtrends. The cryptocurrency market is closely monitoring these developments as Bitcoin attempts to find its next strong support level.