Bitcoin: The Gap Between $85,000 and $90,000 – Is a Correction Coming?

In recent days, Bitcoin’s price has surged significantly, jumping rapidly from $85,000 to over $93,000. This sudden increase was fueled by a major news event: Donald Trump once again expressed his support for cryptocurrencies, sparking enthusiasm among investors.

The Gap Between $85,000 and $90,000

The sharp rally left behind a liquidity gap between $85,000 and $90,000, meaning the price moved up so quickly that it didn’t establish strong support or resistance in that range. Typically, such gaps tend to be filled over time, with the price retracing to test these levels before resuming its main trend.

Will Bitcoin Correct?

Currently, Bitcoin is holding above $93,000, but if the bullish momentum weakens, a pullback to the $85,000 - $90,000 zone is likely to close the gap. If this level fails to hold, the next key support levels are $80,000 and $78,000.

Possible Scenarios in the Coming Days

If Bitcoin holds support above $90,000, the rally could continue, aiming for the key resistance at $98,500.

If Bitcoin drops below $90,000, a test of the $85,000 - $90,000 area becomes highly probable.