BTCUSD

Bitcoin is trading above the support zone at $93,000. Prices are likely to rise and retest the $99,500 resistance zone. This scenario becomes invalid if the mentioned support zone is broken to the downside during today’s trading.
|
Support |
93000 | 91000 |
| Resistance | 99500 |
107000 |
Bitcoin posted a weak performance today after dropping to its lowest level in more than six months, before trimming a small portion of its losses later on. The main pressure came from fading expectations of a Federal Reserve rate cut at the upcoming meeting, along with accelerating outflows from Spot ETFs, which significantly weakened buying momentum.
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