$BTC Today, Bitcoin reached a peak of 94,625 and then dropped to 93,440. The fluctuations saw the price oscillate around 93,500 several times throughout the day, testing this support level. Interestingly, a double bottom structure has formed, and the candlestick chart frequently shows long upper and lower shadows. What does this mean? It indicates that the bulls have not been inactive at low levels, actively defending, while the bears find it difficult to push the price down further.