Bitcoin Bulls Defend Support: Is a Reversal Imminent?

Bitcoin is fighting to stage a recovery, flashing a massive "long lower wick" on today's candle—a classic technical signal that aggressive buyers are stepping in to absorb selling pressure.

The Setup:

* The Defense: The market is currently attempting to reclaim a critical support zone, showcasing clear demand at the lows.

* The Trigger: All eyes are on the daily close; regaining the $85,000 level is key to confirming a reversal.

* The Target: If this reclaim holds, the door reopens for a push back toward $93,000.