#BitcoinKeyZone

How far can Bitcoin go? Analyst points to possible bottom after all-time high

Technical analysis of Bitcoin price

Arthur Driessen, analyst at Crypto Investidor, suggests caution for investors at this time. According to him, the rejection at the level of US$ 100 thousand may indicate a correction in the short term. If the support at US$ 95 thousand is lost, BTC may retreat to the range between US$ 90 thousand and US$ 88 thousand, signaling the beginning of a deeper correction.

Possibility of resuming the bullish trend

On the other hand, if the support at US$ 95 thousand holds, there is an expectation of a new test at the resistance of US$ 102 thousand. Breaking this barrier could propel Bitcoin to higher levels, with targets at $$ 107K and later $$ 115K. This move would be a strong sign of continuation of the Bull Market.