Can Bitcoin stop its decline around $91,000 and enter a sideways trend? The key lies in the MA120 moving average on the 15-minute K-line chart, which is currently positioned at $93,600.
If the Bitcoin price can break upwards and steadily stay above this moving average within 1 hour, it can be considered that it has stopped declining and stabilized;
On the contrary, if the Bitcoin price fails to break through the critical point of $93,600,
and cannot hold its ground at this price level for a continuous hour, it will oscillate downwards along the MA120 moving average on the 15-minute K-line, and the subsequent trend is not optimistic.
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