Bitcoin hovers near $89K as double-bottom forms; focus on $91K–$93K resistance

Bitcoin is consolidating around $89,600 after a near 4% daily drop, with price action hinting at a potential double-bottom near $89,000 and nearby resistance at $91,000 and $92,500–$93,000. CoinShares reported $2.17 billion of crypto ETP inflows last week, including $1.55 billion into Bitcoin, while Coinglass data shows futures open interest up about 13% since January 1.