$BTC Bitcoin in slight retreat today... just a breath or the end of the gas?
Post:
Today, April 24, Bitcoin is hovering around $92,400, after hitting nearly $93,700 yesterday. A small correction of -1.2%, but for the week the BTC is still doing well — over 9% increase!
The movement is being driven by massive inflows into ETFs: just yesterday, over $916 million entered the institutional market. And long-term holders remain strong, accumulating more than short-term holders are selling. Since January, they have acquired over 635,000 BTC. That's a lot of confidence!
What to watch out for now:
Strong resistance: $93,000
Next target: $95,000 if it breaks
Support: $90,000 — if it loses this, a stronger correction could happen.
The sentiment remains positive, but BTC is taking a breather after the rally. Keep an eye on the next candles!
So, do you think it's just a pause before the rise... or is it time to go down?
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