High
Bitcoin failed to sustain above $90,000 and is now declining. the price is at a critical juncture, trading near major support levels like $88,000. a breakdown below this could lead to significant further declines, while a successful bounce could initiate a new recovery.
High
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Neutral
Currently, btc is declining after being rejected at $90,000. it is trading above $88,200 and the 100 hourly sma, with a rising channel support at $88,100. while technical indicators (macd and rsi) are in bearish zones, strong support at $88,000 and $87,200 could halt the decline. however, a break below $88,000-$87,500 would confirm a bearish trend, while a close above $89,800 is needed for a renewed bullish attempt.