Bitcoin's next move is uncertain, but analysts predict potential targets based on current trends. Here are some possible scenarios: 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 $BTC $SOL $ETH
#Tradersleague 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 $BTC
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.
Current Market Analysis: 1000PEPE is currently facing rejection at the double top point, indicating a potential reversal in trend. As the price action unfolds, it's heading towards its previous low, where sell-side liquidity (SSL) is expected to play a crucial role. Key Levels to Watch: - Big FVG (Fair Value Gap): A significant FVG is present, which serves as our Point of Interest (POI) for trade entries. - Lower FVG: This level acts as our Dollar-Cost Averaging (DCA) zone for added safety and risk management. Trade Strategy: With the current market dynamics, traders can look to capitalize on the potential downside movement. By identifying the key levels mentioned above, traders can make informed decisions about entry points, risk management, and potential profit targets. Disclaimer: This analysis is for educational purposes only and should not be considered as investment advice. Always conduct your own research and consult with financial experts before making any trading decisions.