Bitcoin (BTC) has surpassed the $100,000 mark, but it is facing resistance between $100,000 and $102,000, with a stronger barrier forming near $108,000 - $109,000. Immediate support is between $91,000 and $92,000, with a broader accumulation zone at $85,000 - $89,000. The moving averages indicate short-term weakness, while momentum indicators offer mixed signals. Bitcoin is in a critical position, with a move above $100,000 potentially leading to further upside, but a failure to hold this level could result in a drop toward $93,000 - $89,000. The trendline analysis suggests a bearish continuation, unless a breakout occurs.



Other News from Today