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Bitcoin might've just carved out a local bottom based on what we're seeing lately. If that holds true, a corrective bounce upward is pretty much on the table—think wave-iv territory in Elliott terms.
Resistance zone to watch? Somewhere between 87,947 and 96,897. That's where sellers could step back in.
There's a scenario playing out where bulls could build momentum from this level. The setup looks interesting if you're mapping potential upside moves. Could get spicy if momentum catches.