Bitcoin Price Prediction: Will BTC Drop to 93K Before Moving Hig
Bitcoin is currently trading around $95,304, showing signs of consolidation after its recent bullish momentum. Based on the current market structure, there is a possibility that BTC may drop to $93,000 before making a move towards the highlighted supply zone.
📉 Potential Move to $93,000?
Looking at the price action, Bitcoin appears to be forming a retracement pattern. If the bearish pressure continues, we could see BTC testing the 93K support level, which may act as a liquidity grab before a reversal.
📌 Key Supply Zone to Watch
The highlighted zone between $105,624 - $111,075 is a crucial resistance area. If Bitcoin reaches this level, it could face strong selling pressure, making it an ideal area for short opportunities.
💡 Trading Plan:
If BTC drops to 93K, it could be a liquidity grab before a move higher.
Watch the 105K - 111K area for potential sell setups.
A rejection from this zone could lead to a new bearish wave.
🚀 What do you think? Will BTC hit 93K before heading toward this supply zone? Let me know your thoughts in the comments! 🔥
📉 Potential Move to $93,000?
Looking at the price action, Bitcoin appears to be forming a retracement pattern. If the bearish pressure continues, we could see BTC testing the 93K support level, which may act as a liquidity grab before a reversal.
📌 Key Supply Zone to Watch
The highlighted zone between $105,624 - $111,075 is a crucial resistance area. If Bitcoin reaches this level, it could face strong selling pressure, making it an ideal area for short opportunities.
💡 Trading Plan:
If BTC drops to 93K, it could be a liquidity grab before a move higher.
Watch the 105K - 111K area for potential sell setups.
A rejection from this zone could lead to a new bearish wave.
🚀 What do you think? Will BTC hit 93K before heading toward this supply zone? Let me know your thoughts in the comments! 🔥
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"🤖 Smart Trading Bots | 🚀 Advanced Market Analysis & Strategies | Helping You Trade Smarter, Not Harder!"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.