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Bitcoin Price Today: $90K Target In Sight After Wild Swing
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Bitcoin surged from $84,500 to $87,200 in just 15 hours, liquidating $216 million in short positions, before reversing sharply within an hour of weaker-than-expected unemployment data. Since then, Bitcoin has dropped $3,100, wiping out $278 million in long positions over five hours. Technical analysts are tracking the RSI closely as Bitcoin approaches resistance levels, with a break above the recent high near $87,300 potentially opening the path to $90,000. However, continued bearish divergence on the RSI could still signal this level marks a near-term top.
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