Looking at #BTC 4h

The situation with Bitcoin, as I see it, is as follows:

The upward impulse is still maintaining its strength, and expecting a deep local correction under current conditions is premature.

The nearest growth targets I see in the range of 105,000–110,000, and reaching the 100,000 mark, in my opinion, is quite likely in the foreseeable future.

What potential scenarios are possible?

There are two probable price movement scenarios:

1. Continuation of growth from current levels, possibly with a brief pullback to the range of 94,000–95,000.

2. A deeper correction, which could bring the price to the area of 85,000–87,000, from where there is a good chance to restore the upward trend.

If the price reaches the range of 85,000–87,000, I believe this will be a great buying opportunity. However, considering the current market strength, it is still difficult to say whether the price will reach these levels in the near future.

The scenario with a longer correction may only become relevant with a confident consolidation below 85,000–87,000.

However, I assess the likelihood of such a scenario as extremely low. Seka7777 subscribe