BTC BOUNCEBitcoin's daily chart shows a significant recovery after yesterday’s steep drop. Price bounced strongly above the key support zone near 90,000, marking the bottom of the broader consolidation range. This rebound has allowed Bitcoin to regain the critical 99,860 level, which is now acting as a pivotal area to watch. The current candle is testing this level, and holding above it would be a bullish sign, while a failure could invite further downside.
The 50-day moving average is still in play and has provided dynamic support during this volatile period, reinforcing its importance. If Bitcoin can establish itself above 99,860, the next resistance to overcome is 106,099. A close above that level would be a bullish signal and open the door for a retest of the recent highs near 109,358.
On the downside, losing 99,860 again could trigger another test of the support zone near 90,000. Volume has been elevated during this corrective move, reflecting strong market activity, and further price action will likely be decisive in shaping Bitcoin’s next major direction.
Traders should monitor today’s close carefully to assess whether the bounce off support has enough momentum to maintain bullish continuation.
