Bitcoin faces a pivotal moment as it approaches the yearly open price, with expectations of both a potential short squeeze above $93,500 and a dip toward $87,000. As of April 24, BTC/USD tested around $92,000, maintaining a six-week high amidst a generally bullish market. Analysts suggest some correction may be inevitable after the recent gains, with thoughts of a retest near $87,000 highlighted by notable traders such as Inmortal and Rekt Capital. They recommend this level for a post-breakout retest, reflecting past market behaviors. A majority of traders are focused on the $93,000 area of resistance, with significant liquidation levels noted that could trigger a short squeeze if crossed. Despite current volatility impacting equities and gold, Bitcoin's resilience amid major market news raises speculation of further positive announcements.

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