🚨 Bitcoin breaks through key support! Can it resume rising after breaking through the 100,000 mark?

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Since Bitcoin broke through the 100,000 US dollar mark, the market reversed and the price fell sharply to 92,500 US dollars, which caused a lot of shock to investors. Analyst Axel Adler pointed out that Bitcoin is currently facing important support levels, which may determine its future trend in the short term.

Bitcoin's key support area: Can it stabilize market sentiment?

Axel Adler said that Bitcoin's current key support levels are between 868,000 and 897,000 US dollars, and these areas may bring new support to the market. If the price stabilizes in these ranges, it may attract buyers to enter and lay the foundation for future increases. At this time, the trend of Bitcoin depends on whether it can hold these support levels and whether it can recover from the current pullback.

BTC's key range: Can it find momentum for a rebound?

Currently, Bitcoin is fluctuating and consolidating in the range of 100,000 to 92,000 US dollars. Analysts believe that if Bitcoin falls below these support levels, it may face greater downside risks. Whether the key $92,000 support level can hold will determine the short-term trend of Bitcoin. If this support level fails, it may push Bitcoin down to the $85,000 area, which is a key demand zone that may attract buyers to enter the market.

The next few days will determine the trend of Bitcoin!

In the next few days, the market's attention will be on whether Bitcoin can stabilize in the current range. If the $95,000 and $98,000 levels can be recovered, it is possible to reignite the bull market. But if the price continues to fall, investors may need to prepare for a deeper correction.

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