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Bitcoin Price Could Climb Back to $107,000 If It Crosses a Key Level
#BITCOINREGAIN #BITCOINNEXTMOVE #bitcoinsignals $BTC
Bitcoin Price Could Climb Back to $107,000 If It Crosses a Key Level
Bitcoin's price has been dropping over the past few weeks, falling below its record high of $104,000. Despite this decline, a crypto expert predicts Bitcoin could bounce back and even hit a new peak of $107,000. However, this recovery depends on Bitcoin breaking through an important Fibonacci resistance level.
Why Bitcoin Could Reach $107,000
Crypto analyst CobraVanguard shared a detailed price chart on TradingView, analyzing Bitcoin’s potential recovery. According to the chart, Bitcoin recently formed a rising wedge—a pattern often signaling a possible price drop during an uptrend. Yet, if Bitcoin overcomes this bearish signal, it might pave the way for a major rebound.
Key Levels to Watch for Recovery
Crypto analyst CobraVanguard has highlighted two important Fibonacci levels:
- 0.382 Level ($92,000–$94,000): This could provide support if Bitcoin continues its downward trend.
- 0.618 Level ($98,000–$100,000): Breaking above this level could trigger bullish momentum, potentially pushing Bitcoin toward a new all-time high of $107,000.
The analysis suggests that before Bitcoin can aim for $107,000, it might experience more volatility. The projected path includes a possible drop to $90,000, a rebound to $94,000, and another dip to $92,000. Following this, Bitcoin could climb to $100,000, face a pullback to $95,000, and finally surge to the predicted high of $107,000.
### Bearish Outlook from Other Analysts
Not all analysts are optimistic. Crypto expert Jelle has pointed out similarities between Bitcoin’s current price action and previous cycles, suggesting more downside risk in the near term. If these patterns hold, Bitcoin’s price might remain under pressure as the year ends.
Bitcoin Price Could Climb Back to $107,000 If It Crosses a Key Level
Bitcoin's price has been dropping over the past few weeks, falling below its record high of $104,000. Despite this decline, a crypto expert predicts Bitcoin could bounce back and even hit a new peak of $107,000. However, this recovery depends on Bitcoin breaking through an important Fibonacci resistance level.
Why Bitcoin Could Reach $107,000
Crypto analyst CobraVanguard shared a detailed price chart on TradingView, analyzing Bitcoin’s potential recovery. According to the chart, Bitcoin recently formed a rising wedge—a pattern often signaling a possible price drop during an uptrend. Yet, if Bitcoin overcomes this bearish signal, it might pave the way for a major rebound.
Key Levels to Watch for Recovery
Crypto analyst CobraVanguard has highlighted two important Fibonacci levels:
- 0.382 Level ($92,000–$94,000): This could provide support if Bitcoin continues its downward trend.
- 0.618 Level ($98,000–$100,000): Breaking above this level could trigger bullish momentum, potentially pushing Bitcoin toward a new all-time high of $107,000.
The analysis suggests that before Bitcoin can aim for $107,000, it might experience more volatility. The projected path includes a possible drop to $90,000, a rebound to $94,000, and another dip to $92,000. Following this, Bitcoin could climb to $100,000, face a pullback to $95,000, and finally surge to the predicted high of $107,000.
### Bearish Outlook from Other Analysts
Not all analysts are optimistic. Crypto expert Jelle has pointed out similarities between Bitcoin’s current price action and previous cycles, suggesting more downside risk in the near term. If these patterns hold, Bitcoin’s price might remain under pressure as the year ends.
🚨 $BTC /USDT ALERT: Key Support Tested Amid High Volatility! 🚨
Bitcoin ($BTC ) is trading at 96,327.99, down by 2.88% in the last 24 hours, testing its critical support zone after failing to sustain above $100,000. This move has triggered increased market activity, with the 24-hour volume exceeding 55K BTC.
Key Levels to Monitor:
1. Target 1: 99,785.13 – Immediate resistance; reclaiming this level could signal recovery.
2. Target 2: 104,088.00 – A retest of recent highs if bullish momentum resumes.
3. Target 3: 110,000.00 – A psychological level to watch for extended gains.
Support Zones:
Support 1: 94,150.05 – Crucial level; failure to hold may lead to further declines.
Support 2: 90,500.00 – Major support that must hold to prevent a bearish breakdown.
Market Sentiment:
Bitcoin is facing significant selling pressure, with buyers attempting to defend the support at 94,150.05. A bounce from this level could lead to a swift recovery. However, breaking below 90,500.00 might spark panic among traders, pushing BTC lower.
Caution:
Stay alert as volatility remains high. Use proper risk management strategies to navigate the market effectively.
#BTC #CryptoTrading #BitcoinSignals #Share1BNBDaily #Write2Earn!
$BTC
Bitcoin ($BTC ) is trading at 96,327.99, down by 2.88% in the last 24 hours, testing its critical support zone after failing to sustain above $100,000. This move has triggered increased market activity, with the 24-hour volume exceeding 55K BTC.
Key Levels to Monitor:
1. Target 1: 99,785.13 – Immediate resistance; reclaiming this level could signal recovery.
2. Target 2: 104,088.00 – A retest of recent highs if bullish momentum resumes.
3. Target 3: 110,000.00 – A psychological level to watch for extended gains.
Support Zones:
Support 1: 94,150.05 – Crucial level; failure to hold may lead to further declines.
Support 2: 90,500.00 – Major support that must hold to prevent a bearish breakdown.
Market Sentiment:
Bitcoin is facing significant selling pressure, with buyers attempting to defend the support at 94,150.05. A bounce from this level could lead to a swift recovery. However, breaking below 90,500.00 might spark panic among traders, pushing BTC lower.
Caution:
Stay alert as volatility remains high. Use proper risk management strategies to navigate the market effectively.
#BTC #CryptoTrading #BitcoinSignals #Share1BNBDaily #Write2Earn!
$BTC
My last post about $BTC short are proven
congratulations for profit up to 170% if you do the leverage trading
and now $BTC showing about short term pullback signs
because :
1. currently bounce back upward after hit support area
2. long term chart still not showing bearish sign
3. funding looks bullish
so im going to say $BTC will be rally a bit for short term, and still on sideways on longterm.
but its always good if you want to DYOR
and this is also not a financial advice this is just Bitcoin Mapping
#bitcoin #bitcoinsignals #bitcoinsignal #BTC #CryptoTradingGuide
congratulations for profit up to 170% if you do the leverage trading
and now $BTC showing about short term pullback signs
because :
1. currently bounce back upward after hit support area
2. long term chart still not showing bearish sign
3. funding looks bullish
so im going to say $BTC will be rally a bit for short term, and still on sideways on longterm.
but its always good if you want to DYOR
and this is also not a financial advice this is just Bitcoin Mapping
#bitcoin #bitcoinsignals #bitcoinsignal #BTC #CryptoTradingGuide