Technical analysis for #Bitcoin:
Bitcoin targets the $85500 area as an important retest zone.
If the price succeeds in holding above it and a successful retest occurs, the path will be open towards the following targets:
93700 - 99629 - 102500
However, if it fails to break above, we expect a drop towards the following targets:
78402 - 71789
Important note:
The buy direction will not be confirmed until a daily candle closes above $85500 with a successful retest.
Any buy entry before that is considered risky.
What do you think of the analysis? Do you expect a breakout or a retracement?