Bitcoin price is now trading above 2 crucial resistance levels.

First one is 111SMA at $91.3K and the other one is short-term holder realized price at $93.2K.

In October 2024, BTC reclaimed this level after 3 months of downtrend, which started the reversal.

But remember, this could also be a fakeout similar to July 2024 and BTC could drop below $92K.

Only if, BTC holds above this level for a few weeks, we could be really certain of a reversal.