Is Bitcoin at its turning point?

GameStop, an American video game, electronics, and collectibles retailer known for its role in the meme stock frenzy of 2021, is putting some of its $4.77 billion cash reserve into Bitcoin, sparking speculation about whether it could help push BTC past $100K and even toward $200K. 
Although many in the crypto space saw GameStop’s move as a bullish catalyst, Bitcoin’s price quickly pulled back after the announcement. With no clear details on how much or when GameStop will invest, the plan failed to generate enough momentum to push BTC past the $89,000 resistance level.

BTC/USD Technical Overview 

The technical structure indicates a Spinning Top Candlestick on the daily timeframe and the price trades above the 20SMA, with consolidation on the 4H timeframe and a Double Bottom formation on the 1H timeframe. The intraday strategy favours buying on support and breakouts. Key support levels are 86,270, 84,900, and 81,600, while major resistance levels are 88,820, 90,000, and 91,115.