Bitcoin's recent price surge could face a setback as an analyst warns of a potential correction unless the cryptocurrency breaks past the $100,000 resistance level. Ali, an X trader, highlighted a bearish pattern on Bitcoin's 12-hour chart using the TD Sequential indicator.
The indicator suggests that if Bitcoin fails to perform a breakthrough at the crucial $100,000 mark, it could lead to a corrective price drop to around $85,600. This analysis points to the importance of surpassing resistance levels to maintain upward momentum.
