Bitcoin long liquidations have reached a three-month high, with over $245 million in Bitcoin long positions being liquidated in the past 24 hours. This comes as Bitcoin dropped below the $90,000 support level. However, some analysts believe that Bitcoin could rebound due to thinning order books and the support level of $89,600. Despite recent declines, several chart analysts remain optimistic about Bitcoin's future, citing patterns and potential bounces. Currently, Bitcoin is trading around the $89,200 level after recovering some of its losses.



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