Current Analysis of Bitcoin Market
This week, the Bitcoin market has basically followed the ideal trend described earlier. It has now reached 98, where it has encountered resistance and is retracing. If the short-term support at 95-93 holds, there will be a strong rebound pushing towards 100,000. If it breaks below, we will need to look for strong support at 90,800. A break below this level will end the four-hour upward trend, and we will begin to see further retracement.
