Bitcoin at $97K Support: Bounce to $103K or Drop to $85K Looms?
Bitcoin’s $97K support is crucial for its next move, possibly bouncing toward $103K in the near term.
A break below $97K could send Bitcoin to $85K, marking the next key level in the Elliott Wave correction.
Fibonacci retracements suggest recovery zones at $85K or $80K, hinting at Bitcoin’s potential bullish resurgence.
Bitcoin's price hovers near the crucial $97,000 support as CryptoPatel identifies potential moves that could shape the market's direction. With the Elliott Wave analysis in focus, traders await clarity on whether BTC will rebound or drop further.
Bitcoin at $97K Support: Bounce to $103K or Drop to $85K Looms?
Table of Contents
Market Musing-g
Bitcoin at $97K Support: Bounce to $103K or Drop to $85K Looms?
Bitcoin at $97K Support: Bounce to $103K or Drop to $85K Looms?
Table of Contents
$97,000: The Critical Support Level Holding BTC's Momentum
Wave 4 Correction and Fibonacci Levels: What to Watch Next
$85,000: The Bearish Target If Support Fails
Bitcoin’s $97K support is crucial for its next move, possibly bouncing toward $103K in the near term.
A break below $97K could send Bitcoin to $85K, marking the next key level in the Elliott Wave correction.
Fibonacci retracements suggest recovery zones at $85K or $80K, hinting at Bitcoin’s potential bullish resurgence.
Bitcoin's price hovers near the crucial $97,000 support as CryptoPatel identifies potential moves that could shape the market's direction. With the Elliott Wave analysis in focus, traders await clarity on whether BTC will rebound or drop further.