💸 Bitcoin Hits $100K: $BTC ’s surge past $100K has sparked optimism for a new bull run. Gareth Soloway highlights its ties to the stock market, warning traders to stay alert for potential pullbacks.
📊 Next Target: $107K-$108K: Soloway identifies $107K-$108K as Bitcoin’s next major resistance. Once reached, a larger correction is likely, marking a critical point for traders to monitor.
📉 Buying Opportunity at $74K: Bitcoin’s historical cycles show previous highs becoming support. A pullback to $74K-$75K could offer a strong buying opportunity for the next rally.
⚡ Volatility Insights: Bitcoin’s price swings are driven by psychology. Recent drops, like from $104K to $92K, highlight the impact of buyers’ hesitance below key levels.
🚀 Future Outlook: As Bitcoin approaches key resistance, corrections may follow. Long-term trends remain bullish, with traders eyeing dips for strategic buying opportunities.
Top comments (0)