Bitcoin's price action recently suggests a potential bottom following a swift recovery from $89,000 after briefly dipping below the key support zone of $90,000-$93,000. This pattern is seen as contrasting sharply with the peak above $108,000 in mid-December when gains stalled and reversed. On Monday, the market reacted to potential Fed rate changes, but buyer interest prevailed, leading to a rebound that left behind a long wick on the daily chart, indicating seller exhaustion. While the recovery hints at a bottom, further confirmation is needed through a decisive move above $95,900. Market dynamics indicate bullish demand for Bitcoin with demand outpacing supply this year, but volatility might return with the upcoming U.S. CPI report. Traders are observing stability indicators for future price direction.

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