Summary: Bitcoin and most other cryptocurrencies are experiencing downward pressure, with many coins in the red zone, according to CoinMarketCap. Bitcoin's price has dropped by 3.21% in the last 24 hours, and there is a chance of a bounce back if it can close above its current support level. However, on bigger time frames, the situation is less positive, with Bitcoin potentially testing lower support levels around $90,405 and $88,000. If buyers fail to maintain the $90,000 area, a potential bounce back could occur around $82,000. At the time of writing, Bitcoin is trading at $92,782.



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