⚠️ Bitcoin faces a critical test: Can the $93,257 support hold?

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Bitcoin (BTC) is currently at a crucial crossroads, with the price fluctuating around the $93,257 support level. This key support has played an important role during the recent rally, but now the market is facing increasing downward pressure, and bearish sentiment has increased, causing investors to worry that this support level may be broken.

RSI signals weakness: Bitcoin faces downside risks?

The relative strength index (RSI) has shown signs of weakness, indicating that the market's buying momentum is weakening. The RSI indicator is below 50%, which means that buying pressure is beginning to subside and short forces may gradually gain the upper hand. Although the current price does not immediately reflect this shift, the weakness of the RSI may indicate greater downside risks as Bitcoin approaches key support levels.

If Bitcoin fails to hold the $93,257 support level, the market may face a wave of selling and the price may further decline to lower support levels.

What happens if it falls below $93,257?

If the $93,257 support level is effectively broken, the price of Bitcoin may quickly fall until it approaches the $85,211 support area. If this area also fails to hold, the price may fall to the key support level of $73,919.

However, if the bulls can successfully defend this support level, Bitcoin may resume its upward momentum and the target will be the $99,575 resistance level. A strong breakthrough above this level may even open the door to further gains and push Bitcoin above the $104,268 resistance.

Critical moment, the next few days will determine the direction of Bitcoin

As Bitcoin approaches the $93,257 support level, the next few days will become a critical moment to determine its short-term trend. Whether the market can remain stable or the bears will usher in the dominant position will directly affect the price direction of Bitcoin in the coming weeks. Therefore, investors need to pay close attention to the changes in this support level, as well as further signals from the RSI and other technical indicators.

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