Bitcoin is currently trading at around $93,539, with a change of +$1,252 (+1.36%) over the past 24 hours. The price reached a high of $95,889 and a low of $91,901 during the day.
Technically, Bitcoin is seen moving within a price range between $90,000 and $108,000, indicating a consolidation period that may last for a few days. During this period, the price may move sideways as the market absorbs the recent changes. After this stage, there are expectations of a possible decline towards the $86,000 level, followed by a strong rise that may push Bitcoin to new record highs.
However, it should be noted that there are warnings of a possible price drop to lower levels, with some analysts pointing to a possible drop towards $90,000 or lower.
Based on this data, investors are advised to monitor key technical levels, such as support at $90,000 and resistance at $108,000, and make their investment decisions based on accurate analysis and effective risk management.
