#BTCPrediction

The daily price is hovering near $97,000 after breaking through a descending channel that showed slight upward momentum, but the decline in trading volume calls for a bit of caution.

The near psychological resistance is at $100,000, and if it is firmly surpassed, it could open the way towards $107,000 and then $120,000 according to historical supply and demand levels.

Immediate support is at $92,000–$94,000, and breaking it is likely to result in a deeper correction to $85,000 with a possibility of a rebound in this area.