Bitcoin is making a strong comeback today after a tough week in the market. The price has climbed back above $93,000, marking its highest level in two weeks. This rebound is giving traders fresh hope that the recent dip may be coming to an end.
The move comes as the U.S. dollar weakens, and more investors believe the Federal Reserve may soon cut interest rates. When interest rates fall, assets like Bitcoin usually become more attractive because investors look for higher returns in riskier markets.
Another important factor supporting this rise is the number of short positions being liquidated. Many traders who were betting that Bitcoin would fall were forced to exit their trades, which pushed the price up even faster.
Market Mood Improving — But Caution Still Needed
Even though Bitcoin is showing strength today, the market is not fully stable yet. Analysts warn that this bounce could be temporary unless BTC breaks above the next resistance levels.
Key Levels to Watch
- Support: $88,000 – $90,000
- Resistance: $95,000 – $96,000
If Bitcoin pushes above $96K, it could gain momentum for a stronger rally. But if it drops back below $90K, the market may return to fear.
What Traders Should Focus On
- Watch the next Federal Reserve updates — they could move the market.
- Look for a clean break above resistance before taking bigger positions.
- Volatility is still high — risk management is important.
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