$BTC is slowly moving towards support at the level of $94,000. If this level is broken, the decline will continue with a test of the previous minimum at $92,232. In the event of a breakout on increased volumes, the price will confidently head downwards, targeting $90,500.
The forecast for a drop to $85,000 remains relevant. Let me clarify that these are not short-term expectations — such a movement may take a week or two. The analysis is conducted on a daily timeframe.
However, if a bounce occurs from the level of $92,232, $BTC could rise to $98,200 — an area where significant volumes of short liquidations are concentrated. Further, a test of the resistance line is possible with an attempt to break it and return to the price channel.
In the absence of "black swans" capable of changing the scenario, the market will most likely continue its correction. As I mentioned earlier, this is a great opportunity to buy promising altcoins.
Two scenarios — choose which one suits you best!
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