Bitcoin investors are closely watching for signs of volatility as the weekly candle close approaches. Weekend consolidation hints at a potential breakout.
Short-Term Price Action
Bitcoin’s price has been consolidating with minimal movement over the weekend. Nearest support levels are between $95,900 and $96,530. A move above $98,500 would confirm further upside, with key resistance levels at $99,000 and $100,200.
Key Fibonacci Levels and Targets
The next key resistance target for Bitcoin is around the $30,000 region, a significant Fibonacci level. This could mark the final push in the current cycle before a major correction.
Will Bitcoin Dip to $90k?
In a recent CNBC interview, Jim Cramer recommended $90,000 as the next price point for buying Bitcoin. He explained this could be a good entry level for new investors, highlighting the cryptocurrency's long-term potential.
Bitcoin remains in a state of anticipation, with investors watching closely. Potential breakout and correction levels offer opportunities for both short-term and long-term investments.
