To predict Bitcoin's next move, let's analyze the current market trends and key levels. According to recent reports, Bitcoin has hit a new all-time high of $107,822, driven by growing spot demand and increasing open interest ¹.
In the short term, Bitcoin's price might experience a modest correction, as it has already done, trading at $107,064, reflecting a slight 0.6% decline from the recent high ¹. However, this correction could be a buying opportunity, as the overall trend remains bullish.
Looking ahead, key levels to watch include:
- *Support Levels*: $100,000, $95,000, and $90,000, which could provide a foundation for Bitcoin's price to bounce back. - *Resistance Levels*: $110,000, $115,000, and $120,000, which could pose challenges for Bitcoin's upward momentum.
Keep in mind that these levels are subject to change based on market conditions and sentiment. As always, it's essential to do your own research, consider multiple sources, and consult with a financial advisor before making any investment decisions.