Using technical analysis, Ana de Mattos, technical analyst and trading partner at Ripio, says that the level of US$ 109.700 is a liquidity area with resistance from short-term selling investors. "If the price of the market's main cryptocurrency surpasses this resistance with strong buying pressure, the next short and medium-term targets are in the price ranges of US$ 112.950 and US$ 116.280," she states.
On the other hand, Ana emphasizes that a continuation of the correction could take bitcoin to supports of US$ 102.080 and US$ 94.700
