Bitcoin experienced a recovery to $90,500 after testing a key support level of $89,200. According to reports, an early rally at the beginning of the year was unable to surpass $95,000. This failure to break through the $95,000 resistance reportedly contributed to the subsequent pullback in Bitcoin's price. The development highlights the volatile nature of the cryptocurrency market and the importance of key support and resistance levels for traders.

Bitcoin experienced a recovery to $90,500 after testing a key support level of $89,200. According to reports, an early rally at the beginning of the year was unable to surpass $95,000. This failure to break through the $95,000 resistance reportedly contributed to the subsequent pullback in Bitcoin's price. The development highlights the volatile nature of the cryptocurrency market and the importance of key support and resistance levels for traders.