Bitcoin is facing challenges near 92,000 USD, a significant support level within an ascending channel. A breakdown below this could lead to a drop towards 81,000 USD, triggering selling pressure among traders.
Investors are showing hesitation regarding Bitcoin’s price rally, especially those who bought within the last one to three months at an average price of 81,000 USD. Holding above this pivotal level is crucial for maintaining a bullish market outlook.
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