Bitcoin (BTC) Analysis – Will the Rally Continue or Is a CorrectBitcoin is currently trading at $94,500 💰, but statistical studies and mathematical models indicate a potential downward movement 📉 that could push the price toward $93,800, with a strong likelihood of testing the $89,900 zone.
🛡️ Critical Support at $89,000
To maintain the long-term bullish trend, it is crucial that Bitcoin holds above the $89,000 support level. If the price closes below this level for an entire week, it would be a clear negative signal ❌ and could suggest a trend reversal to the downside for a longer period before any renewed upward movement.
✅ When Does the Correction End?
According to statistical studies and mathematical models, the clearest signal that the current correction has ended would be a break above $97,650 followed by three consecutive daily closes above this level 📈.
If this scenario plays out, we could see a strong and rapid surge toward the following targets:
🎯 Target 1: $104,900
🎯 Target 2: $112,900
💡 Investor Advice
If the breakout occurs, it is advisable to take profits 💸 at the mentioned targets and avoid entering new positions until further notice. The market could experience dramatic and swift movements ⚡, so caution is essential.
📢 The analysis will be updated upon reaching these levels to provide a clearer outlook based on price behavior at that time.
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