$BTC
BTCUSDT
Perp
87,563.9
+0.01%
Technical Analysis for #Bitcoin:
Bitcoin targets the $85500 area as an important re-testing zone.
If the price succeeds in staying above it and performs a successful re-test, the way will be open towards the following targets:
93700 - 99629 - 102500
However, if it fails to break through, we expect a drop towards the following targets:
78402 - 71789
Important Note:
The buying direction will only be confirmed after a daily candle closes above $85500 with a successful re-test.
Any buying entry before that is considered risky.
What do you think of the analysis? Do you expect a breakout or a bounce?