BTC’s Uptrend Pauses: What’s Next After Breaking $97,100
BTC has been in an uptrend since breaking the 89,300 support zone it was in. We went as high as 99,500 before we got a pullback.
The immediate support zone was 97,100 which was retested three time before we finally got a break yesterday and BTC dipped to between 93,373 and 92,071.
If BTC can maintain to range between 92,000 and 93,000 before starting the next leg up, after breaking the 97,100 resistance zone, the next key target for BTC would be 103,200 and 115,300
FIB OUTLOOK ON DAILY TIMEFRAME
BTC is holding above the 1.618 Fibonacci level at $92,900, a critical support zone. If this level is lost, the next key target in the downtrend would be $89,500.
A daily candle closure below $89,500 could see BTC heading toward the CME gap between $77,000 and $80,000.
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