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Bitcoin is currently testing the lower boundary of an ascending wedge pattern, having previously broken below the trendline support. This breakdown suggests potential weakness, particularly if the price remains below this level.

If the bulls fail to hold this green support area, the price may further decline to $90,000.

However, if the price rebounds strongly and closes above the wedge support level, the bearish pattern will be invalidated, and it may attempt to target the range of 110,000 to 115,000 again.
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