Bitcoin Defends $90K Amid Bullish Signals
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Bitcoin has demonstrated resilience by defending the critical $90,000 support level, with technical indicators suggesting a potential rally ahead. The Hash Ribbons indicator, which tracks miner capitulation and recovery phases, is flashing a buy signal, historically preceding significant upward movements. Concurrently, the Crypto Fear and Greed Index has shifted toward optimism, reflecting improved market sentiment despite recent pressures from macroeconomic headwinds and regulatory uncertainties.
These developments indicate that underlying fundamentals remain strong, with miners showing confidence through reduced selling pressure. The $90,000 level now serves as a key psychological and technical threshold; sustained defense could catalyze momentum toward higher resistance zones. Market participants should monitor volume trends and institutional flows for confirmation of this bullish setup.
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