In today’s briefing:
- Will Bitcoin Hold Above $90K? Key Support Levels to Watch This Week
Will Bitcoin Hold Above $90K? Key Support Levels to Watch This Week
- Bitcoin (XBTUSD CURNCY) has been pulling back for 2 weeks, and could fall for another week, strong support will be found after the 3rd WEEKLY close down.
- From a price perspective, our model indicates that Bitcoin has currently 53% probability of WEEKLY reversal from the 93.5k support area, and strong support at 87568 (75%).
- If the cryptocurrency starts to rally, it could go could to 98186 (75% probability of reversal). Higher prices are certainly possible but the resistance is strong ater 98186 (read on…).
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