Bitcoin rebounded strongly after touching $89,800, and has now stabilized above the key psychological level of $90,000. Currently, it is trading around $90,500. The rebound was accompanied by continuous volume increase from the bulls, indicating strong buying momentum, which provides solid support for the price to challenge the resistance near $91,000 again.
From a technical perspective, $90,000 has shifted from resistance to initial support. If the daily close remains above this level, the short-term trend will stay bullish. The next key target is at $91,000. A successful breakthrough of this
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