On the way down, Bitcoin found support in a price range between $94,000 and $98,000 between 3 and 21 February. This support zone was weakened by repeated challenges and then it broke. Bitcoin went on to produce its 2025 pre-bull market correction bottom and low. Then the dynamics are reversed.
On the way up, the same price range that worked as support is now working as resistance, between $94,000 and $98,000. The more this range is challenged the weaker it becomes. Bitcoin will continue to weaken it until it finally breaks and we see additional growth. It is the same.
Just as prices found support for a while before moving lower, Bitcoin is challenging resistance before moving higher. What is certain is that the end result is higher prices.
Bitcoin is going up, ignore the short-term.
There can be small swings while this resistance zone is challenged, but it will definitely break. A higher high will happen next.
» Retraces and corrections are an opportunity to buy-in, rebuy and reload.
» Bitcoin is still a bargain below $100,000.
Thank you for reading.
Namaste.
