Bitcoin is demonstrating some positive momentum, but its price must flip $93,000 to support to mitigate the risk of a further decline. As of March 24, Bitcoin briefly reached $88,772 amid volatility influenced by U.S. government trade decisions. Analysts suggest that reclaiming two critical levels—the 21-day simple moving average at $84,674 and the 2025 yearly open at $93,300—is essential for continued upward movement. Until these levels are established as support, the possibility of retesting previous lows remains high. The market's recent rally was also supported by news of the U.S. easing tariffs and speculative discussions regarding the potential purchase of Bitcoin using gold reserves. Experts recommend careful monitoring of these pivotal levels to discern whether current market signals indicate a true recovery or a temporary bull trap.

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