Bitcoin (BTCUSD) has confirmed a break below the $95,195.00 level, closing the daily candlestick beneath this critical support, further supporting expectations of continued bearish correction in the coming sessions. The next downside targets are $90,750.00, followed by $87,055.00.
The ongoing bearish trend is being guided by an intraday bearish channel and further supported by the 50-period Exponential Moving Average (EMA50). However, if Bitcoin manages to break above $95,195.00, followed by a move past $96,555.00, it would signal the end of the bearish momentum and could trigger a potential reversal to resume the primary bullish trend.
Expected Trading Range: Support at $91,000.00, Resistance at $96,000.00.
Trend Forecast: Bearish
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