CandleFocus What Are the Critical Resistance and Support Levels Ahead for Bitcoin Price? Analysis Company Identified
2025-02-04
Author: Content Editor
Cryptocurrency analytics firm MakroVision has analyzed Bitcoin's recent price movement and identified key resistance and support levels. It notes that $102,000 is a short-term barrier and breaking the red trendline could lead to a decisive breakout target at $106,500. On the support side, a drop below $98,600 would shift attention to $95,900, while a retest of $91,700 could indicate increasing bearish pressure. MakroVision highlights that the current V-shaped recovery suggests bullish strength, but a breakout is needed to reach $106,500. However, breaking below $98,600 would shift focus to the $95,900 support level.
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