Just been watching BTC action and noticed it bounced hard from that $89,200 support level earlier. Pushed back up to $90,500 which is solid. These kinds of support tests are pretty common in this market - you see the price drop, touches a key level, then springs back up. Traders were probably watching that $89,200 mark pretty closely. The fact that it held and bounced suggests there's decent buying interest at those levels. Been tracking bitcoin price movements since early january and the volatility has been pretty consistent. Right now we're seeing some of that typical chop, but the support/resistance dynamics are still playing out. Curious to see if we can hold above this bounce or if we're heading back down to test again.

BTC-0.51%
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