If Bitcoin breaks and holds above the resistance at $89,530.54, it could signal further bullish momentum toward new highs. If $BTC fails to maintain its current levels and breaks below $86,944.43, it may enter a short-term corrective phase, potentially testing support around $84,091.62.
Support and Resistance Levels:
Resistance: The current resistance is near the 24-hour high at $89,530.54. Breaking above this level could lead BTC to test higher levels.
Support: There is support around $86,944.43, which aligns with recent lows. A break below this level could signal a short-term reversal or a dip towards the $84,091.62 range.
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