$BTC Technical Analysis 📊

BTC closed above the 20-day exponential moving average (EMA) at $91,583 on Tuesday. However, bulls failed to maintain position above the $94,150 resistance level.

Should Bitcoin bounce off the 20-day EMA and close above $94,589, a potential upside move towards $100,000 could be in play. Sellers are expected to strongly defend the $100,000 mark. A sustained close above this could push the BTC/USDT pair towards $107,000, signaling a potential end to the correction phase. 📈

Conversely, if the price experiences a sharp decline and breaks below $87,719, it would indicate continued selling pressure from bears. The pair could then slide towards $83,822. 📉

Information is for market updates, not investment advice.
(BTCUSDT)