Eseandre Mordi
⬤ Bitcoin has bounced back after it touched the key support level close to $88,000. The price fell fast then steadied and tried to recover. Once sellers pushed harder, buyers appeared in that lower demand zone plus the climb resumed.
⬤ The recent drop carried Bitcoin into a zone that had served as support during earlier sideways trading. When the price hit $88,000, buyers entered and slowed the slide starting a rebound. The support level still functions - the price stayed above deeper lows before it turned upward. The bounce however, is still unfolding inside a broader range after multiple volatile swings.
A rise above this resistance range would signal a change in short term structure but also would let BTC move toward the $100,000 level.
⬤ Even though the recovery is under way, Bitcoin now meets strong resistance between $92,000 and $94,000. Earlier attempts to push through that zone met fresh selling. If BTC reclaims that range, the short term trend would shift as well as the path toward $100,000 would open. Until that occurs, the resistance is the main barrier.
⬤ This pattern carries weight because Bitcoin often sets the mood for the wider crypto market. The way price acts between the $88,000 support and the $92,000 - $94,000 resistance will shape near term sentiment. Whether the rebound continues or stalls inside that band depends on the outcome at resistance.
Eseandre Mordi
