Bitcoin (BTC) is currently holding near $94,000, demonstrating a rebound from recent lows. This level aligns closely with its production-cost valuation, providing a significant anchor in the market.
Bullish momentum is building as BTC trades above short-term EMAs. However, long-term moving averages still present challenges for sustained upward movement. Key resistance levels are identified between $94,000–$98,000. 📉
$88,000 acts as a major structural support, crucial for maintaining current price stability. 🛡️ Information is for market updates, not investment advice. Always conduct your own research. 💡
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