Bitcoin traded around $91,150 on Thursday, extending its rebound after a sharp fall from record highs over the past six weeks. The BTC/USDT pair on Binance showed the price bouncing from an intraday low near $80,600 before recovering towards the low $91,000s, signalling renewed buying interest after the recent correction.
Trading data from the one‑day chart indicated a session open close to $90,484, with the price reaching a high of about $91,950 and a low just under $90,000 before closing near $91,150. The move left Bitcoin up roughly two per cent on the day, as the market stabilised following a series of heavy sell‑offs that had wiped tens of thousands of dollars from its value since the all‑time high.
Technical indicators on the chart, including short‑ and medium‑term moving averages, showed the price beginning to curl back towards the 25‑day average after spending several sessions below it. Traders said the bounce from the $80,600 area, combined with rising intraday volumes, suggested that a local floor may be forming, though Bitcoin remains well below its peak near $120,000 reached in late October.
Market participants are now watching whether Bitcoin can hold above the psychological $90,000 level and build on the recovery towards the mid‑$90,000s. A sustained move higher, they noted, would strengthen the case that the worst of the recent downturn is over, while a break back below $90,000 could invite another round of selling from short‑term speculators.
