#TradingAnalysis101 Bitcoin's Critical Moment: Time to Watch for Big Moves!
Bitcoin has dropped from $94K to $88K, aligning with earlier predictions. While BTC could eventually reach $120K, $180K, or even $250K, a pullback to $45K or $55K is possible first. Currently at $88,112, down 6.12%, BTC is facing strong selling pressure.
Key Levels to Watch:
Resistance: $90,800 (potential move to $92,500, $95,200)
Support: $87,000 (breakdown could push towards $85,500, $84,200)
Trade Setup:
Long: Above $90,800 (targets $92,500, $95,200)
Short: Below $87,000 (targets $85,500, $84,200)
Bitcoin’s at a critical juncture—wait for confirmation before trading!