Bitcoin
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$BTC Bounce from Key Support!

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Bitcoin has successfully bounced from the $74K–$77K support zone, confirming it as a strong demand area. Currently trading around $82,521, price action suggests a short-term bullish recovery—but caution is still warranted.

🔸 Key Support Zone at $74K–$77K:
This zone acted as a solid floor, with multiple wick rejections and a strong bounce. As long as BTC holds above this zone, bulls retain hope.

🔸 Immediate Resistance at $85K:
BTC needs a clean break and close above $85K to confirm continuation toward $90K to 99k+. Failure at this level may invite another retest of lower support.

🔸 Risk Level at $74K:
A breakdown below $74K could invalidate this bounce, targeting deeper zones like $66K or even $55K–$50K in the worst case.

🔸 Current Outlook:

Bullish Path: Hold above $77K and break $85K → push to $90K+

Bearish Path: Rejection at $85K → retest $77K → break = more downside

Penafian

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