Summary
- Bitcoin's support level at $92,000 is crucial.
- If this support level breaks, there is a risk of plummeting to $81,000.
- If it successfully rebounds from the support level, it could surpass $100,000.
Contrary to the bullish outlook for 2025, there is an analysis suggesting that Bitcoin (BTC) could fall to $81,000. The support level at $92,000 is said to be crucial.
On the 1st, Shayan, a contributor to the cryptocurrency-focused media CryptoPotato, stated, "Recently, Bitcoin has been forming a support level at $92,000 as it undergoes adjustments. Demand at this price is continuously being confirmed."
He further added, "If this support level collapses, a series of large-scale liquidations will occur. Potentially, the price could plummet to $81,000, which is the 100-day moving average. Conversely, if it successfully rebounds from the support level, it could surpass $100,000 again."
Meanwhile, as of 10:24 AM today, Bitcoin is trading at $93,935 on Binance, up 1.88% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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