New Highs Probably If Interrupted $ 101 Thousand Dollars

Bitcoin rose in the last 24 hours, breaking through critical levels of resilience and now the title of 101,200 dollars testing, the final obstacle before the new Celebrate seen. Rally is encouraged by strong technical support and restored swinging swing.

Recent pump in Bitcoin’s (Btc) Price is not accidental. After testing a key support level to $ 94,300, the market bounced abruptly, confirms that zone as a solid base. This bounce coincided with previous rejection from the Fibonacci resistance, highlighting growing power in the daylight. With the higher the postparts that are formed after Sunday, the Structure of Navigation on Bullish remained intact, placing the foundations for the explosive move we see today.

Key technical points:

• Support confirmed at $ 94,300: The powerful daily candle closes and shouted rejection shows customer demand
• The structure of the Bullin market intact: Senior Lonzies In the entire consolidation period, hint below
• Resistance to keys forward to 101,200 USD: The final main level before the potential interruption in new all the time

The recent behavior of the price list of Bitcoin shows the textbook reaction of the Bilka to support. Zone of $ 94,244 from 94.3.3.3.3.3.3.3.3.3.3.3.3.3.3. The year was tested several times, with reduction prices in lower case only to bought aggressively, a strong demand indicator. These repeated defensions have stepped up traffickers, firming the area as a springboard for higher prices. The market responded with fast spreading, by cleaning local resistance and pushing towards $ 100,000.

Adding a further power is a wider structure. Each week during recent consolidation, she formed a higher low, reinforcing the Bikovskoum look. This consistent structure, evaporated with extended closes above the region of $ 94,300, suggests accumulation and readiness to break. Merchants who noticed these bakery sets that are probably placed early, encouraging current momentum.

Now Bitcoin tests resilience to $ 10100, in a purse last line of the Defense for the Bear before being in the game of new years. This level carries historical significance and acts as key resistance to high time. Given the speed of this rally, a direct interruption cannot appear immediately.

Furred that Bitcoin is more likely to enter the consolidation phase, forming a new range between $ 94,300 and $ 10100.

What to expect in the upcoming price of the store

After such a strong rally, a rotary consolidation is probable between $ 94,300 and $ 10100. If the bulls maintain control above 94.300 dollars and absorb the pressure of pressure near $ 101,000, the chance of breaking opening in price shows significantly increase. Until then, traders should follow the amount and structure of candles in this range, any passage here can set a tone for the next big bitcoin move.