The article suggests that Bitcoin's market momentum may be changing as it has made a strong comeback above an important support level. Despite a significant decline, Bitcoin was unable to gain traction below the support level, indicating that bearish pressure may be weakening. Bitcoin is currently trading around $92,616, with the next hurdle being $100,000. If it breaks above this mark, it could lead to a new round of buying interest and potentially push Bitcoin towards all-time highs. However, if Bitcoin drops below $92,000 again, it could pave the way for a more significant decline. Overall, the article suggests that the market structure is still intact for now, but further movement will determine if Bitcoin will break out or consolidate sideways.
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