Bitcoin is currently trading between $90,000 and $91,500, following a rebound from $80,537. The 4-hour chart indicates consolidation, while the daily chart suggests a potential breakout from a falling wedge pattern. A confirmed breakout above $93,100 could propel Bitcoin towards $94,000–$96,000. However, a decline below $89,500 may lead to further downside. The 1-hour chart shows tight consolidation around $90,500, with mixed signals from oscillators and subdued trading volume. The 200-period SMA remains a significant long-term resistance at $109,796.
Bitcoin Consolidates with Key Resistance at $93,100
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