As per Bitcoin.com, Bitcoin's price is currently consolidating between $90,000 and $91,500 on the 4-hour chart, following a rebound from $80,537 to above $90,000. The daily chart shows a falling wedge breakout with potential for a move toward $94,000–$96,000 if volume confirms the breakout above $93,100. A drop below $89,500 could trigger further downside. The 1-hour chart indicates tight consolidation near $90,500, with volume subdued and oscillators showing mixed signals. The 200-period SMA remains a key long-term resistance at $109,796.
Bitcoin Price Analysis: Key Resistance at $93,100 and Support at $89,500
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