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What to Expect After Bitcoin's Recent Drop? Technical Analysis Breakdown
Source: CryptoNewsNet Original Title: What to Expect After Bitcoin’s Recent Drop? Hot Analysis Released Original Link: https://cryptonews.net/news/bitcoin/32094327/ According to recent technical analysis, Bitcoin continues to exhibit volatile price action, having dipped below the $92,000 level again, indicating persistent directional uncertainty in the market.
Analysts emphasize that selling pressure remains prevalent in the short term. The analysis highlights that Bitcoin’s $87,400-$88,700 range represents a critical technical cluster zone containing key Fibonacci levels from the recent downtrend. Stabilizing the price within this range is considered essential for a new recovery structure to form. A breakdown within this range could push the price back toward the $80,000-$82,000 range.
In the bullish scenario, initial relief is expected only if Bitcoin sustains above $91,700. For medium-term strength, a break above the falling red trend line is considered confirmation of a solid base.