Additionally, the support zone serves as a critical demand area where buyers typically step in, reinforcing price stability. Possible Bullish Scenario If Key Resistance Levels Are Breached While sharing a bearish prediction of the Bitcoin Price to $85,000, Hames_AZ also presented an alternative bullish scenario that could propel the cryptocurrency to new all-time highs.
The TradingView analyst believes that if Bitcoin can successfully break resistance levels between $97,000 and $102,500 and close above them, then the market should anticipate a continuation of its previous uptrend. Related Reading: This Analyst Called The Bitcoin Price Crash Early, Total Prediction Says More Pain Is Coming A confirmed breakout from this resistance area would signal stronger market dynamics and further growth for the Bitcoin price.
Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next Hames_AZ asserts that the market will remain in a downtrend, with no hint of an upward movement, if Bitcoin continues to trade below key resistance levels.
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