Bitcoin has currently held the $90,000 support level. Technical analysis shows that both the daily and weekly charts display bullish pennants and ascending triangle patterns. Although the short-term stochastic relative strength index (RSI) is in oversold territory, indicating potential upside room, a break below the critical $90,000 level could lead to further retests of the main trendline.
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Bitcoin has currently held the $90,000 support level. Technical analysis shows that both the daily and weekly charts display bullish pennants and ascending triangle patterns. Although the short-term stochastic relative strength index (RSI) is in oversold territory, indicating potential upside room, a break below the critical $90,000 level could lead to further retests of the main trendline.