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216 days

Bitcoin bounce soothes bear-market fears. But beware if it falls below $92,000. - MarketWatch

1. Bitcoin's price below $92,000 may trigger a bear market. 2. A break below $91,615 could lead BTC to $74,000. 3. Rising correlations with U.S. equities affect BTC's price movements. 4. Bitcoin is down 9.5% in 30 days, struggling below $100,000. 5. Investors are cautious amid changing expectations for interest-rate cuts.

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FAQ

Why Bearish?

The risk of falling below key support levels indicates bearish potential for BTCUSD.

How important is it?

Fluctuations around critical price levels are significant for BTCUSD trends.

Why Short Term?

Immediate price levels and correlations with equities suggest near-term volatility.

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