Bitcoin is experiencing a fresh decline and is approaching the important $93,257 support level. The outcome at this level will determine whether buyers can regain control or if Bitcoin will face further downward movement. The article analyzes technical patterns, market sentiment, and key levels to assess the likelihood of a bullish defense. The 4-hour chart shows negative sentiment and the RSI indicates a struggle to sustain upward momentum. On the daily chart, there is significant downside movement and a lack of buyer confidence. The 1-day RSI suggests growing bearish momentum. If bulls defend the $93,257 support level, Bitcoin could rise again, but if bears dominate, it may continue to decline towards $85,211.
- Content Editor ( newsbtc.com )
- 2024-12-03
Fresh Drop For Bitcoin: Will Bulls Defend $93,257 Once More?