Technical Analysis for #Bitcoin:
Bitcoin is targeting the area 85500$ as an important re-test zone.
If the price successfully holds above it and performs a successful re-test, the path will be open towards the following targets:
93700 - 99629 - 102500
However, if it fails to break above it, we expect a drop towards the following targets:
78402 - 71789
Important Note:
The buying direction will only be confirmed after closing a daily candle above 85500$ with a successful re-test.
Any buying entry before that is considered risky.
What do you think about the analysis? Do you expect a break or a bounce?
