$BTC Potential Scenarios
Bullish Scenario
1. Support at $91,466 Holds: If Bitcoin maintains support above $91,466.52 (the 24-hour low), buyers may step in, leading to a recovery.
2. Resistance Breakout: A breakout above the $93,193 moving average (MA25) could signal further upward momentum, targeting $94,973 (recent high).
3. RSI Improvement: If the RSI (currently near 50.15) rises, it may indicate strengthening bullish momentum.
Bearish Scenario
1. Break Below $91,466: If Bitcoin breaks below $91,466, it may test lower levels, possibly around $90,000 or below.
2. Failure at MA Resistance: Rejection at the MA25 ($93,193) or MA99 ($94,669) could signal continued bearish pressure.
3. Decreasing Volume: If trading volume diminishes, it may indicate weak demand, exacerbating downward movement.
Key Levels to Watch:
Support: $91,466
Resistance: $93,193 and $94,669
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