🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
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🌹Bitcoin's Next Step: Aiming for $100,000 and Higher Targets? + 19 Lectures on Chan Theory Diagram Teaching👇
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Currently, $100,000 is the recent main target for Bitcoin prices, but what is truly worth paying attention to is whether Bitcoin has the ability to break through this important psychological barrier and reach new historical highs?
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From a technical perspective, Bitcoin is currently at a critical turning point. If it can continue to hold steady between $90,000 and $95,000 and further consolidate the support range, the possibility of challenging and breaking through the historical high of $108,000 will significantly increase. Once it breaks through, the next stage of upward space is expected to open up, and it may even impact $130,000 in the next cycle.
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🌹Bitcoin has currently regained multiple important technical indicators, such as Short-Term Holder Realized Price (STH Realized Price), 100-day, 200-day, and 365-day moving averages, all of which are seen as symbols of a strong market structure.
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However, the possibility of a pullback cannot be ruled out. If Bitcoin fails to hold the current support, or if the global market environment suddenly turns bearish, its price may drop back to the $80,000 range. At that time, the market will face an important "retracement test"; if it cannot quickly reclaim the key level, it may trigger deeper downward risks.
#alpaca# #wld# #sui# #eth# #btc#