$BTC

Bitcoin's price has been on a rollercoaster ride, dropping below $98,000 with ongoing fluctuations in the market ¹. The recent recovery seems to be nearing its peak, signaling a potential significant decline on the horizon ².

*Key Levels to Watch:*

- _First Resistance Zone:_ Around $98,500, which aligns with a Fibonacci retracement of 0.5 and previous resistance points ².

- _Second Resistance Zone:_ Near $101,000, corresponding to the Fibonacci 0.618 level ².

- _Support Ranges:_ Between $85,000 and $87,000, and between $75,000 and $79,000 ².

Analysts predict a potential downturn, with Bitcoin's price possibly retesting lower support zones ². However, some experts believe that if the current trend continues, Bitcoin may move above $100,000 ¹.