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$BTC Bitcoin just failed the $94,500 support level and dipped to $92K overnight...
But is this a quick shakeout BLIP or the start of a real bearish breakdown?
Key TA highlights from today's analysis:
Bounced hard from $92K this morning momentum indicators resetting at the bottom, leaning upside potential
Bulls face a tough fight to reclaim $94,500 (could be a fakeout if they do!)
Overall trend still bullish until that major ascending trendline breaks on higher timeframes
Stochastic RSI on weekly chart positioned for possible strong upside move
Momentum is more likely to the upside than down... but $94,500 will tell the story soon!
What do you think, fam? Fakeout dip or deeper correction incoming?