#BinanceSquare #BTCbelow100k Bitcoin's current price is $115,700.01, which is above the $100,000 mark. However, there's been a warning from a top analyst, Captain Faibik, about a potential sharp fall below $100,000 soon. He cites a Rising Wedge pattern and a bearish PO3 on the daily chart, suggesting that late buyers might get trapped. Key levels to watch are ¹ ²:
- *Support Levels:*
- $113,000: A crucial level to maintain, as falling below could trigger a bigger drop
- $100,305: Equal lows or poor lows that contain sell-side liquidity
- $99.9K: A single print serving as support
- $95.2K: A potential target if buying pressure fails
- $92K: A CME gap that could be revisited
- *Resistance Levels:*
- $106,000: A level that needs to be passed to avoid another drop
- $105.3K-$105.8K: A range that, if failed to pass, could signal weakness
Some analysts predict a potential drop to $95,000-$98,000 or even $92,500, while others see a possible correction before reaching new highs, potentially above $114,000 ² ³ ⁴.🔥🔥🔥🔥🔥