Bitcoin is currently at $85,000, bouncing back by 9%, having reached the first retracement zone defined yesterday. A breakout above $85,000$ and a daily close above this mark will open the target at $89,773, which is a strong resistance level at the major angle of 180.
I expect a retest of the level at $89,000$ on Saturday-Sunday. Upon reaching $89,773$ , a reaction is possible.
The start of a positive scenario is a breakout and daily close above $89,773.
ST: A breakout below $80,000$ without a firm hold may lead to a correction down to $71,000.
This is a daily update for traders, but overall the trend is bullish and the cycle remains upward.
I expect a retest of the level at $89,000$ on Saturday-Sunday. Upon reaching $89,773$ , a reaction is possible.
The start of a positive scenario is a breakout and daily close above $89,773.
ST: A breakout below $80,000$ without a firm hold may lead to a correction down to $71,000.
This is a daily update for traders, but overall the trend is bullish and the cycle remains upward.