BTC: Bullish vs Bearish Scenarios - Key Levels to Watch

7 hari lalu

BTC: Bullish vs Bearish Scenarios - Key Levels to Watch

Bitcoin is in a very complex development and it is not so easy to have a clear idea. At the moment, BTC is still growing as long as it stays above the current support area of ​​1035000.

Bitcoin is approaching a key support zone around $103,500, where price action could decide the next major move.

📈 Bullish Scenario:
If the support holds, BTC could bounce strongly toward $110,200, with extended targets at $115,400, $120,700, and $125,000. A strong rejection wick or volume confirmation would support this upside move.

📉 Bearish Scenario:
If BTC breaks below $103,500, a bearish continuation could unfold, targeting $99,400, $94,300, and potentially $88,600.

The next few candles will be crucial — watch how BTC reacts to the $103,500 zone for direction confirmation.

💡Bias: Neutral — waiting for breakout confirmation before taking sides.

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6 hari lalu

Dagangan aktif

BTC Price Outlook

Yesterday BTC respected the bearish scenario. After the price broke down the support zone near $103,500 the price declined aggressively to our first target near to $99480
It was a very complex moment for BTC as I explained.

Also today it's not better. We have a bearish picture on BTC and if the price manages to hold below the support zone $103,500 then further decline is expected and we can see BTC going down to $94300 and probably to $89000