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Analysis: BTC Breaks 4-Hour Support, Monthly Opening Price Around $87,600 Potential Target Price
Summary: According to sources, crypto analyst Lennaert Snyder stated that BTC price has dropped to around $91,000, breaking the support level of around $92,155 on the 4-hour chart, confirming the downward trend. The analyst is looking for shorting opportunities, with the ultimate target price around the monthly opening price of approximately $87,600 (setting 2 profit-taking points ...
According to sources, crypto analyst Lennaert Snyder stated that BTC price has dropped to around $91,000, breaking the support level of around $92,155 on the 4-hour chart, confirming the downward trend. The analyst is looking for shorting opportunities, with the ultimate target price around the monthly opening price of approximately $87,600 (setting 2 profit-taking points during the process of reaching the low point).
Additionally, there is support around $90,500 for BTC price. If there is a strong rebound and reversal near this level, short positions will be closed out. If BTC successfully breaks through around $96,500, it will turn bullish.
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Link: Analysis: BTC Breaks 4-Hour Support, Monthly Opening Price Around $87,600 Potential Target Price [Copy]
