Here Are The Major Bitcoin Support Levels To Watch As Bulls Push For $100,000 Again

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The chart also showed a price target above $220,000, suggesting that the flagship crypto could rally even higher.  Related Reading: Ethereum Price Prediction: Inverse Head And Shoulders Pattern Says ETH Will Touch $12,000 Titan of Crypto alluded to a bullish pennant, which he suggested was still in play for the Bitcoin price.

This aligns with a recent Bitcoinist report that highlighted the $96,000 level as a crucial support zone.  Related Reading: Possible Deep Correction Could Push Cardano Price To $0.43, Here’s How While the Bitcoin price is moving above this support zone, Trade PSH stated that the primary scenario is continued growth for the flagship crypto.

If Bitcoin maintains an uptrend and eventually breaks above the psychological $100,000 level, the crypto analyst predicts that the intermediate growth target is between $102,000 and $102,757.  Based on the current price action, the analyst suggested that Bitcoin could rally to $108,366.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomJapan

Topics: Btc Analyst Bitcoin Btcusd Bitcoin price Crypto analyst Crypto news Bitcoin BTC news Crypto Bitcoin news Btc price BTCUSDT

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 16:00:43 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 68 lines

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Copyright Owner: © NewsBTC

News ID: 24677638

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