Citing TheMarketPeriodical, Bitcoin is currently at a critical support level of $100,000, forming a head-and-shoulders pattern that suggests a potential retest of $83,000 before a bullish rebound. Analysts are monitoring liquidity pockets near $97,000 for signs of a reversal toward $104,000. A breakdown below $100,000 could confirm a bearish setup, while stability above it would maintain bullish momentum. A falling wedge pattern also indicates a possible short-term dip to $97,000 followed by a breakout.
Bitcoin Price Analysis: $83K Retest Expected Before Next Rebound
TheMarketPeriodicalShare
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