#BTC110KSoon?
Bitcoin's next move is uncertain, but analysts predict potential targets based on current trend
Potential Upside Targets:
- $104,738: Breaking above $101,344 could push Bitcoin towards this target, with potential for an even bigger rally to $116,000.
- $110,000: Some analysts predict Bitcoin will test and potentially break the $110,000 psychological level, especially with sustained momentum and increased volume.
- $111,949: Based on volume analysis, Bitcoin could rise to this target, with potential for further upside if it closes above this level.
- $117,500: A breakout above $102,000 could open the doors to this target and beyond ¹ ² ³.
Potential Downside Targets:
- $92,481: If Bitcoin drops below this level, it might see a decline to the $85,000-$84,000 range.
- $70,000-$75,000: A deeper pullback towards this range is possible if Bitcoin fails to hold key support levels.
- $68,600-$72,600: If Bitcoin breaks current support, the next support level would be in this range ¹ ⁴.
Key Levels to Watch:
- $101,344: Breaking above this level could trigger a significant upside move.
- $92,481: A drop below this level could lead to a decline in price.
- $107,000-$107,500: This range has provided strong support for Bitcoin in recent times.
- $109,600-$109,800: Immediate resistance zone that could open the path towards $110,000 if broken ¹ ².
