Bitcoin is currently near the $93k support level after experiencing a bearish start to the week. The market has seen significant liquidations totaling $167.94 million, raising concerns about a potential breakdown in BTC's price. Failed bullish attempts to break above resistance levels and bearish indicators on the charts suggest the possibility of a breakdown rally. Institutional support for Bitcoin is fluctuating, with outflows from Bitcoin spot ETFs in the US. If Bitcoin closes below the $92,654 support, it could test the $90,742 support, but a bullish reversal could push it towards the $100k mark.



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