Bitcoin Price Update: Recovery After Drop

Bitcoin is now at $97,383.99, down 3.31% in the last 24 hours. It dropped to a low of $92,232.54 but is bouncing back near important price levels.

Key Levels to Watch:

Support: $96,000 – Must stay above this to continue rising.

Resistance: $98,500 – Breaking this can lead to more gains.

Trading Plan:

Buy: Around $97,300.

Targets:

1. $99,000

2. $101,000

Stop-Loss: $94,000 to limit losses.

Market Insight:

High trading activity suggests a possible rebound. If Bitcoin crosses $98,500, it could attract more buyers and move higher. Watch these levels carefully, as the market is volatile.

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