$BTC Bulls Need To Step In For BTC

Bulls need to step in now for the Bitcoin price. BTC is facing a key test, having just been rejected at the Fair Value Gap at around $106,000.

flagship crypto is now retesting the lower boundary of the symmetrical triangle.

The Current Bitcoin Price Action And What To Expect

Bitcoin price will see a retest of at least 100,800 as the first major level of support.

BTC dropped out of a bullish pennant for a second time. The measured target for this bull pennant is $150,000

However, with the most recent breakdown, the Bitcoin price threatens to decline further before any potential move to the upside. next major levels below $100,800 are $97,600 and $92,800. He opined that BTC is likely to quickly rebound from these support levels if it gets there.