Support is found between $90,850 and $92,900
The Bitcoin correction found support between $90,850 and $92,900, a zone that has been crucial over the past week.
After briefly touching the lower end of this range, the price rebounded, further confirming that bulls are still defending the trend. Analysts state that maintaining price above this zone is critical to preserving the short-term bullish outlook.
So far, price action within this range has been as expected, with no signs of panic selling.
The resistance level at $94,780 may signal the next upward move.
On the positive side, experts are closely watching $94,780, the recent high for the week. If Bitcoin's price effectively breaks above this level, it could confirm the arrival of the next upward move.
If this occurs, analysts believe potential upside targets are around $97,000 (a retracement level) and $98,400.
The Bitcoin correction found support between $90,850 and $92,900, a zone that has been crucial over the past week.
After briefly touching the lower end of this range, the price rebounded, further confirming that bulls are still defending the trend. Analysts state that maintaining price above this zone is critical to preserving the short-term bullish outlook.
So far, price action within this range has been as expected, with no signs of panic selling.
The resistance level at $94,780 may signal the next upward move.
On the positive side, experts are closely watching $94,780, the recent high for the week. If Bitcoin's price effectively breaks above this level, it could confirm the arrival of the next upward move.
If this occurs, analysts believe potential upside targets are around $97,000 (a retracement level) and $98,400.