Bitcoin is struggling at the midline of its rising channel around $92K, almost falling off a cliff! 😅

- However, there are some important support levels that could be a savior, giving hope for a bullish recovery in the near future.

- On the daily chart, Bitcoin is correcting and stabilizing at the midline of the rising channel. If it breaks through, it could landslide towards $81K, but don't worry, there is strong support ready to hold!

- On the 4-hour chart, Bitcoin has broken through the midline, making investors nervous. However, there is strong support at $90K to $82K which could be a turning point.

- On-chain analysis shows the realized price of the 1-3 month cohort at $81K as the main defense. If it breaks through, it could be a panic sell signal!

What do you think? Let's discuss in the comments column!