Bitcoin's current price on Binance is around $83,780.61, with a daily high of $93,721.37 and a daily low of $82,464.84. Recently, Bitcoin's price surged 10% after President Trump's Crypto Strategic Reserve announcement, with analysts predicting a potential breakout past $100,000.
*Key Levels:*
- *Resistance*: $90,000 - $100,000
- *Support*: $80,000 - $83,000
*Market Analysis:*
- Bitcoin formed an ascending channel in blue, broke, and is retesting
- A head and shoulders setup is visible, with a descending trendline in red
- A potential short trade could be considered if the price closes below the neckline
*Technical Perspective:*
- Bitcoin retested the yellow zone before dropping and has reached a key retracement level on the daily bearish trend
- If the price breaks below the daily support level at $66,666, it could trigger a deeper retracement
- Key levels to watch include $56,600 and $60,633, with a potential bullish momentum if the price pushes above these levels ¹ ² ³.
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