$BTC Currently, #BTC is in a sideways movement. After reaching an ATH of $108,353, the price has corrected and approached the lower boundary of the sideways range at $91,879. After that, the price began to move upwards, indicating an upward trend.
I expect a continuation of the upward movement to the levels of 0.5 - 0.618 according to Fibonacci (prices on the chart). These levels are often used by traders to find potential entry and exit points from the market, including by me.
Before that, we can still correct to the zero level (previously broken resistance level) after a retest and confirmation of the structure ($97,500).
This week, important economic data is also expected, which may affect the cryptocurrency market:
January 10: Data on Nonfarm Payrolls and the unemployment rate in the US for December. This data can significantly impact financial markets, especially for risk assets (cryptocurrencies).
To be clear, specific, and straightforward - I expect #BTC to reach $102,000 - $104,000 with a possible correction back to the level of ~ $97,500.
The scenario of correction to the level of $89,000 - $88,000 is also relevant.
