BTC daily chart

BTCUSDT BTCUSDT

After breaking the 91k area, we have a bounce from the 85k zones,

We note that the price respects the trend line as well as the M200, the RSI and CCI index reached the oversold areas and the CCI index also broke its low when Bitcoin was at the November 2022 low.

Conclusion: So far, the situation remains good despite the significant pressure on currencies.

Required:

The price should return above the 91k zone, but in case of a break of 85k, we may visit the 73k – 75k zones, but this is unlikely yet, let's wait and see what happens soon.