The US market opening for $BTC today was intense!
In the first 30 seconds, Bitcoin surged to a new all-time high of 107,799 before declining to 107,000 over the next 10 minutes. Then, a strong bullish run pushed it to another all-time high of 108,353 in 20 minutes. However, it couldn’t sustain the momentum and quickly dropped to 106,000.
Will Bitcoin recover and retest the all-time high?
Currently, Bitcoin has a support zone at 105,000. If it drops below, it could fall further to the next support at 103,000, or even down to 98K-100K.
Am I still bullish? Absolutely. A correction to 105K followed by a bounce would be healthy for the market, helping to shake out weak hands. From there, I expect another attempt to break past 108K and push towards 110K and beyond. But if it falls below 105K, we might see more volatility before another all-time high.
As for altcoins—let them bleed! I’m not even checking my wallet anymore. I’ll only take a look when everything turns green again. For now, it’s all eyes on Bitcoin.
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