Bitcoin on the expected path – eyes on $90,000 if the $92,000 level is broken
Bitcoin (BTC) is moving according to previous expectations, having faced strong rejection near the $94,600 level, and is currently testing the key support area at $92,000.
This level represents an important crossroads in price movement. If it is broken, the next area that may see significant market interaction is near $90,000.
The chart shows a notable weakness in the current bounce attempts, indicating continued selling pressure. If Bitcoin remains below the $92,000 level, we may witness further short-term declines.
Advice for investors:
Stay vigilant and closely monitor price movements. Wise risk management is essential at this stage, as breaking the $92,000 level could be the decisive factor in determining the market's next direction.
