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•Bearish Scenario: The break below the $82,614 support level could signal the start of a deeper correction or a trend reversal. If the price continues to fall, the next significant support might be around $75,000 or lower, depending on historical levels not fully visible in the chart.

•Bullish Scenario: If the price stabilizes and bounces back above $82,614, it could retest the resistance around $94,576. A successful breakout above this level might indicate a continuation of the prior uptrend.

•Consolidation: The chart might also suggest a period of consolidation or a pullback within an ongoing uptrend, especially if the decline is followed by a recovery.

Conclusion:
The analysis appears to highlight a critical juncture for BTC, with a potential short-term bearish move following a strong uptrend. However, the broader trend seems to remain bullish unless significant support levels are breached with high volume.

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Bitcoin (BTC-USD) surged over 5% on Thursday, soaring past $91,000 after dipping below $82,000 just two days ago. The sharp rally comes as investors brace for the upcoming “White House Crypto Summit” on Friday, where the US government is expected to unveil new cryptocurrency policy initiatives.

US president Donald Trump and key administration officials are set to meet with cryptocurrency industry leaders to discuss the future of digital assets and potential regulatory frameworks. Confirmed attendees include Coinbase (COIN) CEO Brian Armstrong, Chainlink (LINK-USD) co-founder Sergey Nazarov, and Strategy (MSTR) co-founder Michael Saylor, among others.

USA:🇺🇸 The White House to hold “crypto summit” March 7.

BITCOIN HAS HIT A TECHNICAL BEAR MARKET, FALLING OVER 20% FROM ITS HIGH!📉

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