Technical analysis indicates that Bitcoin has broken the floor of its rising trend channel in the medium to long term, suggesting a potential weakening of its upward momentum. Support levels are identified at $92,600, with resistance around $101,400.
Looking ahead, historical price patterns suggest the possibility of Bitcoin reaching new all-time highs in the first quarter, with some analyses projecting prices up to $120,000. However, the presence of liquidity gaps below $80,000 could pose short-term risks.
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Technical analysis indicates that Bitcoin has broken the floor of its rising trend channel in the medium to long term, suggesting a potential weakening of its upward momentum. Support levels are identified at $92,600, with resistance around $101,400.
Looking ahead, historical price patterns suggest the possibility of Bitcoin reaching new all-time highs in the first quarter, with some analyses projecting prices up to $120,000. However, the presence of liquidity gaps below $80,000 could pose short-term risks.