According to BitJie, Bitcoin price began rebounding above $90,000 but is struggling to break through $92,000. The price is currently above the 100-hour simple moving average but has broken below a short-term rising trend line at $90,800. If the price falls below the $90,000 level, the BTC/USD pair may continue to decline. The immediate resistance is near $91,200, with the first key resistance at $92,000. If the price fails to break through $92,000, a new downward move may begin. The immediate support is near $90,500, with the first major support at $89,080.
Bitcoin Price Rebound Weakens as Bears Prepare for Move
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