Bitcoin price experienced a short-term correction below $90,000 but is now rebounding and could potentially reach above $94,000. The price briefly dropped below $88,000 before the bulls intervened, with a low of $86,622. Bitcoin has since recovered and is trading above $88,000 and the 100 hourly simple moving average. However, there is a bearish trend line forming with resistance at $91,000, and the price may face further resistance at $91,850 and $92,500. If the price breaks above these levels, it could lead to more gains and a test of the $95,000 resistance. On the downside, immediate support is at $89,250, followed by $87,850. Failure to break the $91,000 resistance may result in a downside correction, with further support at $86,620 and $83,500.



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