Why is knowing Bitcoin’s support level near $90,000 and resistance around $92,500 important for understanding its current price consolidation?
Why is this the correct answer?
Knowing that Bitcoin has solid support around 90,000 and resistance near 92,500 helps beginners recognize where buyers and sellers are most active. Prices often bounce at support or stall at resistance. If Bitcoin breaks above resistance or falls below support, it may signal a shift in market sentiment and a new price trend.
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