Bitcoin Breaks Out: Targets $96,200 to $102,100 Test Zone
- Bitcoin’s price has returned to $85,000 due to increased buying pressure.
- The breakout above the descending broadening wedge suggests potential upward continuation.
- Crypto analyst Titan of Crypto identifies the $96,200 to $102,100 range as a critical test zone.
- More than $8 billion in short positions could be liquidated if Bitcoin surpasses $90,000.
- As of the latest data, Bitcoin is trading at $84,706.
The recent breakout in Bitcoin’s price structure may lead to a significant test between $96,200 and $102,100. Analysts highlight this range as crucial for determining whether the upward trend will continue or face rejection. At present, Bitcoin trades at approximately $84,706.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-breaks-out-chart-pattern-targets-96200-to-102100-as-next-big-test-zone/?rand=52377
