Bitcoin $BTC has recently experienced a significant event: a long position worth $61,700 was liquidated at a price of $94,520.10.
Support and Resistance Levels:
Support:
$92,746
$90,744
$88,900
Resistance:
$96,592
$98,436
$100,438
Market Outlook:
Analysts $BTC predict that Bitcoin could reach approximately $107,006 in the near future, indicating a potential increase of about 9.31%.
Recommendation:
Given the current market conditions and the proximity to key support levels, it may be prudent to hold existing positions and monitor the market closely.
Entering new positions should be approached with caution until a clear trend emerges.
*Disclaimer:
This information is for educational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.*