Eseandre Mordi
⬤ Bitcoin made a push toward 91,700 on Thursday, approaching a resistance zone that traders are watching closely. Noting plans to reduce long positions once price tests that area. The chart shows BTC accelerating from recent consolidation near 90,000, climbing back into a supply region that's caught attention.
⬤ The move reflects solid recovery momentum, with Bitcoin lifting off support and heading toward the upper boundary marked on the chart. The 91,700 level has worked as a structural pivot in previous sessions, making it particularly relevant for short-term participants looking for either continuation or reversal signals.
I'm watching 91,700 as the next key level where I'll take profits, signaling where traders might expect a reaction.
⬤ How Bitcoin responds around this resistance could shape near-term direction. A clean break might extend the rally, while rejection could keep the market range-bound. These technical levels often drive short-term volatility, especially when price approaches zones that previously triggered meaningful reactions.
Eseandre Mordi
