BTC dipped below the support area to hunt for stop losses but then bounced back. The price has also managed to break through the resistance level at $86,300 and is currently trading above it. The next key resistance level is in the $89,500 to $90,000 range. With the upcoming White House crypto summit on March 7, we can expect increased volatility leading up to the event, depending on the outcomes of the meeting.
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BTC dipped below the support area to hunt for stop losses but then bounced back. The price has also managed to break through the resistance level at $86,300 and is currently trading above it. The next key resistance level is in the $89,500 to $90,000 range. With the upcoming White House crypto summit on March 7, we can expect increased volatility leading up to the event, depending on the outcomes of the meeting.