BTC Price Analysis: Is Bitcoin Gearing Up for $96K or a Retest of $82K?
đ Bitcoin has surged to around $84.7K after recovering from the $60K range, but faces significant resistance at $88K that must be cleared for further bullish momentum.
đ The daily chart shows a positive trend with higher highs and lows, and a breakout above $88K could lead to a target of $96K, while support is found between $74K-$78K.
đ On-chain analysis indicates a shift back to buyer dominance in the futures market, suggesting potential for upward price movement, although caution remains as the market consolidates.
đ Bitcoin has surged to around $84.7K after recovering from the $60K range, but faces significant resistance at $88K that must be cleared for further bullish momentum.
đ The daily chart shows a positive trend with higher highs and lows, and a breakout above $88K could lead to a target of $96K, while support is found between $74K-$78K.
đ On-chain analysis indicates a shift back to buyer dominance in the futures market, suggesting potential for upward price movement, although caution remains as the market consolidates.