A Quick Look at Bitcoin BTC/USD – Daily Interval
The price rebounded strongly from the critical support at 103,000, and as long as the price remains above this level, positivity is present.
Brief Technical Points:
Any daily close above 106,500 gives an early signal for a new rally towards the first target of 110,765.
Breaking the previous peak will enhance the chances of reaching a new high.
If the support at 103,000 is broken, we expect the correction to extend to levels of 100,000 - 97,000.
In case of an Altseason, we may witness sideways movement for Bitcoin while liquidity shifts to the rest of the market.
Note: This is just a personal analysis for sharing and not a buy or sell recommendation
