CandleFocus Bitcoin Price Corrects to $90K: Healthy Dip or Cause for Concern?
2024-11-27
Author: Content Editor
The Bitcoin price is currently undergoing a correction and has fallen below the $95,000 support level. It dipped close to $90,000 but has since consolidated near $92,500. The price is now trading below the 100 hourly Simple Moving Average and may face resistance around the $93,500 level. If it can break above the $94,800 resistance, it could see further gains towards $97,500. However, if it fails to rise above the $93,500 resistance, it may start another downside correction with support levels at $91,800 and $90,500.
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