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Crypto

Bitcoin Tests Resistance at $88K After Strong Recovery

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin has staged a strong recovery over the past couple of months, rising from around $60K to its current price of approximately $84.7K. The charts indicate an improving market structure for BTC, but it's approaching a significant resistance cluster at $88K.

The futures taker flow has turned predominantly buyer-driven again, providing a constructive momentum signal. However, the price still needs to clear this resistance before the broader upside structure can extend further.

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