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Forwarded from Global Smart VIP 📊
Bitcoin has experienced a significant rejection at the $95,000 level, leading to a sharp market decline. Despite the lack of negative news, the market is reacting to the fact that Trump did not address certain issues yesterday. Currently, the price is testing a support range between $83,200 and $83,800, which needs to hold firm. We anticipate a bounce from this support area toward the resistance range of $86,000 to $86,300.
Forwarded from Global Smart VIP 📊
Bitcoin dipped below the support area to hunt for stop losses but then bounced back. The price has also managed to break through the resistance level at $86,300 and is currently trading above it. The next key resistance level is in the $89,500 to $90,000 range. With the upcoming White House crypto summit on March 7, we can expect increased volatility leading up to the event, depending on the outcomes of the meeting.