Bitcoin (BTC) is one of the most prominent digital currencies in the market, with its current price standing at around $97,415.
Technical analysis:
Bitcoin price has seen significant volatility recently, falling below $95,000, sparking warnings of a potential drop to $90,000.
However, the price showed a bounce to reach the current levels.
Support and resistance levels:
Current support: $93,887 to $92,122.
Expected objectives:
First goal: $100,220.
Second goal: $106,161.
Third goal: $110,267.
Expectations:
If Bitcoin manages to hold above the mentioned support levels, it may target the mentioned upside targets.
However, if the support levels are broken, the price may head towards lower levels, such as $90,000.
Conclusion:
Investors are advised to carefully monitor price movements and support and resistance levels, and make their decisions based on technical analysis and developments in the cryptocurrency market.
alert:
Investing in cryptocurrencies carries high risks, and it is always advisable to do the necessary research and consult experts before making any investment decisions.
