Bitcoin: Will It Break Through $93,500 or Face a Drop to $80,500?

Bitcoin’s price is showing signs of recovery, aiming for the $93,500 level. However, traders are cautious due to technical resistance that could potentially drive prices lower. According to Rekt Capital analysis, Bitcoin is consolidating within a triangular market structure formed by two critical exponential moving averages (EMAs). The recent price action has tested support at the 50-week EMA and now faces resistance from the green 21-week EMA around $86,500.