Bitcoin faced slight rejection at the crucial $111K resistance range, heading south by several grand. Nevertheless, the price is likely experiencing a corrective stage, expecting to find support soon and initiate another impulsive surge toward the $111K ATH.
Technical Analysis
By ShayanMarkets
The Daily Chart
BTC encountered slight rejection at the key $111K resistance region, signaling profit-taking by market participants at this critical level. However, the price has now entered a daily Fair Value Gap (FVG) between $106K and $108K, an area typically associated with strong demand and buying interest. This zone may provide the necessary support to halt the current corrective phase and trigger a bullish reversal.
If Bitcoin manages to hold above this FVG, the price could soon resume its upward momentum, potentially initiating a fresh impulsive rally toward the $111K all-time high. However, a breakdown below the $106K-$108K FVG would increase the likelihood of a deeper correction, with t
We współpracy z: https://cryptopotato.com/bitcoin-price-analysis-is-this-btcs-last-pullback-before-another-all-time-high/
