The price of Bitcoin fluctuated on Monday, rebounding after a correction to support, reaching a high of around 98,300. The volatility in between cannot be underestimated, and the value that can be generated in this range is evident!
On the daily chart, Bitcoin has experienced a series of pullbacks and is currently showing three consecutive upward candles, which is a relatively good signal. The recent correction in price did not break below the strong support level. On the 4-hour chart, after the price dropped to around 94,700, it quickly rebounded and formed a long lower shadow, followed by an upward trend, creating a series of bullish candles. From the pattern, the bullish momentum is still strong, with potential for further upward movement!
Today, Bitcoin can be bought in the range of 980 to 975, with a target of reaching the 100,000 mark above.
