$BTC $BTC

The price of Bitcoin tested the conditional support line at $91,960 for the second time. The recovery of the price from the indicated values shows short-term buying strength.

However, if the market does not receive a boost today in the form of optimistic statements and a positive portion of news, then the chances of reaching the bearish target will increase dramatically. And the group of buyers will disperse like smoke.

It is worth noting that the bearish target at $89,910 is near the 0.5 Fibonacci level.

We will attempt to open a long position order for Bitcoin from the indicated bearish target.