$BTC has returned to its previous support level at $99,540, which has now turned into resistance. Today we are observing a test of this level. If a breakout does not occur, the price will likely bounce off the resistance, forming a zigzag or double bottom. This could lead to a downward movement, first to $94,400 to liquidate the stop losses of nearby long positions, and then to test $91,500.
For those who missed the previous drop, this will be a great opportunity to buy promising altcoins. The scenario of a decline for $BTC to $85,000 remains in force.
If the resistance is broken, the way upward will open: first to $100,250, then to $101,500, after which the dynamics will become clearer.
As the Christmas holidays approach, the Christian world is shifting to rest, which hands over the initiative to Asian traders. Much in the coming days will depend on their trading activity.
Trade wisely and earn!