BTCUSD

Bitcoin is trading around the $93,415 resistance level, and this area is likely to limit the pace of the upside during today’s session.
|
Support |
85000 | 81700 |
| Resistance | 93415 |
100300 |
Bitcoin showed strong upward momentum today, with prices returning to a positive range after a sharp correction last week. The rally was not random; it came alongside a noticeable improvement in risk appetite and a relative easing in the U.S. dollar, in addition to institutional buying flows that were evident in trading volumes. From a technical perspective, the price broke through short-term resistance levels on the daily chart, restoring traders’ confidence and opening the door for testing higher levels.
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