Bitcoin's recent price action shows volatility with a range between $98,380 and $103,369. An analyst predicts a target of $117,000, analyzing key price zones and market cycles. The current bearish candlestick indicates temporary selling pressure but aligns with the upward trend.
The potential for a pullback to between $95,000 and $100,000 is noted, acting as a consolidation region before continuing upward. The Fibonacci projection tool suggests this pullback could set up for a sustained rally, with temporary resistance expected near $108,000.
Market cycles indicate the current phase lacks strong buying momentum. At $102,700, Bitcoin is up 4% in the past 24 hours.
Nguồn: www.newsbtc.com ↗