Bitcoin continued trading above $100,000 after a volatile Wall Street session on January 7. Where will the price stop next?

Data from Cointelegraph Markets Pro and TradingView confirmed the 4% daily gains, while traders and market commentators shared their short-term Bitcoin (BTC) price predictions.

Bitcoin’s “head and shoulders” formation may fail. While the bulls are on their way back to six-figures, some bearish signals may lose their validity. Aksel Kibar says this formation may fail.

Another formation is the “cup and handle” formation. It is at a critical point for BTC/USD. Trader Jelle suggests that this formation may be completed.

Fibonacci levels are also drawing attention. Keith Alan is concerned about where the real top of the bull market could be. Fibonacci retracement levels continue to influence price action.

What levels do you think Bitcoin’s price could reach? Share your thoughts in the comments.