Guys, $BTC has started moving up to celebrate the New Year, and the chart is already showing signs of life 🚀
After a sharp drop from the recent high, Bitcoin found strong support near the demand zone and quickly bounced back. This recovery move suggests buyers are stepping in with confidence, protecting the downside and pushing price back above the short-term support area.
The structure now looks like a healthy pullback followed by a reaction bounce. As long as $BTC holds above the recent low, momentum can continue toward the next resistance levels. A break and hold above nearby resistance could open the door for a stronger upside move.
Key levels to watch: Support: 87,400 – 87,600
Resistance: 88,500 – 89,200
If support holds, dips may act as opportunities. Market sentiment is slowly turning positive, and $BTC looks ready to start the year with strength. Risk management is key, but the setup is getting interesting.
