Bitcoin Pulls Back After Hitting a New All-Time High: Is the Next Surge Coming Soon?
Bitcoin has just surpassed $109,000, reaching a new all-time high, and is now experiencing a short-term pullback. The current price is consolidating above $101,000, but a new round of upward movement may still be on the horizon. The key support level of $100,000 remains strong, and market momentum is still robust.
From the high of $109,112 to the low of $100,114, the drop is about 23.6%, but this adjustment does not signify an end; rather, it is a potential restart. If Bitcoin breaks through the resistance level of $104,500, it is likely to soar, with targets set at $106,500 or even $108,000.
However, if it fails to break through $104,000, the market may face a deeper correction, and the $100,000 support area could be tested, with a possibility of revisiting the support level of $98,800.
Is it time to prepare for the next wave of increases? This wild fluctuation in Bitcoin has only just begun.
No matter how volatile it gets, Uncle Shen's steady pace cannot be stopped! Follow Uncle Shen, seize the target, maintain a steady mindset, and the journey to wealth starts here!
