Bitcoin Faces Potential Breakdown Below Key Support Levels
- Bitcoin is trading between a resistance zone at $108,000 and a support level at $93,000.
- The $93,000 support has been tested six times, weakening its strength.
- A break below $93,000 could lead to a decline to $72,000, with minor support at $78,900.
- Current Bitcoin price is $96,470, down by 2% in the past 24 hours and 11.5% from its all-time high of $108,786.
Bitcoin’s current market structure shows indecision with potential for both breakdown below the critical $93,000 support or a rally towards new highs if buying momentum increases.
Source (2.6)https://www.newsbtc.com/altcoin/bitcoin-bearish-case-emerges-is-a-dump-to-73000-coming/?rand=52377
