Bitcoin is currently facing resistance near $96K - $100K, with signs of exhaustion in momentum. A potential correction could take BTC down to key support levels:
📉 Bearish Scenario:
If Bitcoin breaks below $93K, the next major support lies at $86K and possibly $82K.
Failure to hold
82K could trigger a deeper correction toward $68K, aligning with historical retracements.
📈 Bullish Rebound:
A strong bounce from82K - $86K could signal a buying opportunity, with a potential move back toward $100K+.
Confirmation of support at these levels would strengthen the bullish case.
⚡ Will Bitcoin hold support and bounce, or are we heading for a deeper correction? Drop your thoughts below! 🚀👇
📉 Bearish Scenario:
If Bitcoin breaks below $93K, the next major support lies at $86K and possibly $82K.
Failure to hold
82K could trigger a deeper correction toward $68K, aligning with historical retracements.📈 Bullish Rebound:
A strong bounce from
82K - $86K could signal a buying opportunity, with a potential move back toward $100K+.Confirmation of support at these levels would strengthen the bullish case.
⚡ Will Bitcoin hold support and bounce, or are we heading for a deeper correction? Drop your thoughts below! 🚀👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.