#Bitcoin

Bitcoin was reaching into overbought territory after its recent explosive rally, and the risk of a pullback was high. Today, we're seeing that play out: BTC attempted a breakout above the ascending triangle pattern with a target of $90k but failed to hold its ground, retreating from its peak.

Current Action: Consolidation & Testing

Key Levels

Bitcoin is now testing the $87k support level.

This pullback is healthy in the context of a strong uptrend, as it allows the market to cool off and resets the momentum for a potential next leg up. But remember, the key here is to keep an eye on support levels and prepare for possible re-entry points.

Key Levels to Watch Next:

Immediate Support at $86k : BTC is attempting to hold here. A bounce could mean we're still in consolidation mode, with potential to retest $89,530 soon.

Deeper Supports: If $86,925 doesn't hold, look out for $86k and $84,8k. These are critical zones where a pullback could find solid footing, providing a potential buy, If the 84k dont hold we will go lower to take liquidity which is in 75k, after that will be hard to predict currently, also tomorrow is CPI, it could go to lower for a healthy correction, But knowing BTC it will always go upp.

#BTC

#WillBTCBreak100KSoon