Bitcoin Price Update: Bullish Move or Correction Ahead? ๐จ๐
Bitcoin recently surged to $93,000 following the announcement of the U.S. Crypto Strategic Reserve by Donald Trump, positioning the U.S. as the "Crypto Capital of the World." ๐บ๐ธ๐ช
However, the euphoria was short-lived, with BTC correcting to around $86,000 โ a 4.5% drop in the last 24 hours. ๐ฅ๐
๐ Here's what to watch:
RSI shows oversold levels โ hinting at a possible bullish reversal
Key Fibonacci retracement levels in play
Market sentiment at its lowest since 2022
Is this a healthy correction before the next leg up or a signal for further downside? ๐๐
Whatโs your next move โ HODL or SELL? ๐ช๐