$BTC Will it continue to rise or return for correction
🔍 Current Technical Analysis
The technical analysis for Bitcoin shows mixed signals:
Technical Indicators: The Relative Strength Index (RSI) at 57.4 indicates a neutral zone, while the Stochastic at 99.5 shows an overbought condition, which may warn of a potential price correction.
Resistance and Support Levels: The price faces strong resistance at the level of $97,400. Breaking this level could push the price towards $100,000, while the nearest support is at $93,500, and breaking it could lead to a drop towards $90,000.
📈 Future Predictions
Despite the current volatility, some analysts expect the bullish trend for Bitcoin to continue, based on factors such as:
Global Economic Tensions: Concerns about trade tensions between the United States and China drive investors towards digital assets as a safe haven.
Market Expectations: Some forecasts suggest that Bitcoin could reach levels between $120,000 and $135,000 in the coming months, if current economic conditions persist.
