#BTCRebound90kNext? Bitcoin's currently trading around $91,480, showing a slight uptick of 0.1% in the past 24 hours. However, it's still down almost 17% so far this month, heading for its worst November performance since 2019. ¹
*Key Developments:*
- _Death Cross_: Bitcoin's price has formed a death cross, a technical indicator that often signals a bearish trend.
- _Market Sentiment_: The Crypto Fear & Greed Index is at "Extreme Fear", indicating high levels of anxiety among investors.
- _Institutional Interest_: Despite the downturn, some institutional investors, like El Salvador, continue to accumulate Bitcoin. ² ³
*Price Analysis:*
- Support levels: $84,570 and $73,855
- Resistance levels: $93,778 and $112,340
- Analysts predict a potential recovery to $100,000 or a further decline to $80,000.
Keep in mind that cryptocurrency markets are highly volatile, and prices can change rapidly.$BTC