Bitcoin traders are closely watching the cryptocurrency's price movement, which has led to discussions about two potential scenarios. Analysts predict that Bitcoin could either experience a breakout towards $140,000 or undergo a deeper correction down to $60,000. These projections highlight the importance of certain key levels that might dictate Bitcoin's upcoming major move.
According to crypto analyst Big Mike, maintaining a bullish stance for Bitcoin requires the cryptocurrency's price to break over the $95,000 mark. This reflects ongoing technical analysis methodologies like Elliott Waves that traders are using to predict Bitcoin's price trajectory.
Source : www.thecoinrepublic.com ↗