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- MC:$3.6KHolders:10.00%
- MC:$3.61KHolders:10.00%
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- MC:$3.64KHolders:20.04%
- Pin
BTC is hovering around the previous support and resistance zone ( approximately 89-90K).
For traders, holding this support is crucial moving forward.
We have just experienced the largest correction within this cycle, driven by heavy spot selling and panic emotions as the four-year cycle ends.
Currently, this price range seems to have some demand. Keep an eye on these higher time frame areas and observe the price reactions.
At the moment, the daily downtrend has clearly stalled, and lower to mid-time frames are attempting to shift back to a bullish market structure.
However, to confirm this fully, we need to see the price break above 94K.