Bitcoin Price Forecast: A sharp decline toward the psychological support at $100,000, indicated by a clear green line on the chart, may occur if the price of Bitcoin (USD) is unable to stay above $103,343.
This level might represent the last line of defense before to a more extensive correction, and it also corresponds with the lower bound of the falling triangle.
The next likely support zone, if $100K fails, is between $97,000 and $95,000, which might lead to a retest of the April breakout levels.
A breach over the upper triangular trendline (~$107,000–$109,000) or a robust bounce from the 200 EMA, on the other hand, might invalidate the bearish setup. Bitcoin might then attempt to retest $110,000 and reach new highs above $112,000.
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