Bitcoin is currently situated between a support level at $92,232 and a resistance level at $97,386.

If Bitcoin's price break below the support levels at $93,385, $92,200, and $90,465, it could potentially decline further to the $86,000–$87,000 range. Such a correction could be considered healthy for the long-term growth of Bitcoin, as it may allow for market consolidation and the establishment of a more robust support base.

In this context, a correction to the $86,000–$87,000 range could present a strategic entry point for investors, potentially positioning them to benefit from a subsequent rally.

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