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💰 Bitcoin on the Edge: $78K Dip or Bullish Rebound?
🚨 Key Highlights
1️⃣ Bearish Setup Identified
A head-and-shoulders pattern suggests Bitcoin might correct to $78,000 if the $92,000 support breaks.
Renowned analyst Ali warns of potential sell-offs if the neckline ($92K) is breached.
2️⃣ Resistance at $100K is Crucial
Bitcoin needs to surpass $100,000 to regain bullish momentum.
A failure to hold $92,000 could lead to a 14% drop.
3️⃣ Current Status
Trading at $97,669, down 0.59% in the past 24 hours.
The next few days will be pivotal for its price direction.
🤔 Mixed Market Sentiment
Optimists: Traders like BitcoinBullMF are confident BTC won’t drop below $90K this year, citing resilience.
Pessimists: Others, like Rbco356, agree with Ali's bearish outlook, pointing to weakening momentum and technical signals.
📊 Final Thoughts
Bitcoin’s future hinges on breaking $100K resistance or holding $92K support. Keep an eye on these key levels for the next big move! 🚀
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