The price of Bitcoin is experiencing bearish volatility and briefly revisits the $95K support level. The recent pullback in Bitcoin has led to a large liquidation surge, with long-position traders losing $180.89 million. The market cap has dropped to $1.9 trillion, and the 30-day returns have fallen to 3.46%. Despite the pullback, there is potential for a bullish reversal, with a double-bottom reversal pattern forming and the MACD and signal lines crossing positively. However, traders should be cautious as broader market conditions remain uncertain, and if the BTC price closes below the bottom support level at $95,300, it could retest the $92,573 support level.



Other News from Today