Bitcoin fell to the 827 level yesterday, where the decline stalled, then rebounded by 700–800 points through the evening. The price movement has slowed, and yesterday we maintained a bullish outlook, though there was only limited upside.
On the daily chart, after reaching a record high near 120,000, the price entered a choppy decline, dropping to a low near 50,000. It has now begun to climb gradually in steps. The chart below clearly shows the price action recovering the losses from the decline. Fully making up those losses will still take some time. As for the outlook for 2027, there is little need to say more: an upward trend is the prevailing direction.
On the shorter time frames, simply maintain a choppy but bullish outlook. For now, we’re still looking to buy on pullbacks to 82900–82500, with a target near 86000.#BTC☀ $BTC
On the daily chart, after reaching a record high near 120,000, the price entered a choppy decline, dropping to a low near 50,000. It has now begun to climb gradually in steps. The chart below clearly shows the price action recovering the losses from the decline. Fully making up those losses will still take some time. As for the outlook for 2027, there is little need to say more: an upward trend is the prevailing direction.
On the shorter time frames, simply maintain a choppy but bullish outlook. For now, we’re still looking to buy on pullbacks to 82900–82500, with a target near 86000.#BTC☀ $BTC