The Bitcoin market displays a positive trend with potential growth to $90,000 and beyond if the $84,000 support holds.
Current Bitcoin Market Situation
Bitcoin is currently trading at $84,146.91, with a 1.8% decrease over the past day. Despite the minor dip, the asset maintains critical support near $84,000, which could serve as a launchpad for the next upward move.
Market Structure and Key Levels
The technical analysis of the 12-hour chart shows significant potential near the $91,000 resistance area, which previously served as support. Overcoming this threshold could reinforce the upward trend.
Potential Future Scenarios
If the $84,000 support holds, the next target for buyers could be $90,000. A breakout above could lead to targets of $95,000 and even $100,000. However, a failure to hold support could result in a correction toward $81,000-$80,000.
The Bitcoin market continues to exhibit bullish momentum, defending the $84,000 level. Upcoming movements will reveal if cryptocurrency can reach its new peaks and break through the $90,000 mark and beyond.
