🚨$BTC Moves are more Important than you think🚨
Bitcoin is struggling to rise above $100,000 and could correct further if it fails to stay above $90,000.
Key Points:
Bitcoin hit a new all-time high of $108,100 but started a downside correction.
It declined below $102,000 and $100,000 support levels, and the 50-day simple moving average.
BTC is now consolidating near the 23.6% Fib retracement level from $52,756 to $108,100.
Immediate resistance is at $96,500 and $98,000, with major resistance at $100,000.
A daily close above $102,500 could lead to a move towards $108,000 and possibly $112,000.
Immediate support is at $92,200, with major support at $90,000 and $85,000.
A break below $85,000 could send BTC towards $80,000 or even $65,000.
Bitcoin needs to settle above $98,000 and $100,000 to start a fresh increase.