if bitcoin holds $88,500 then bitcoin has hope to rise strongly but if bitcoin breaks $88,500 then a correction to $85,000 may occur before rising again
Twin Tulips
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#BITCOIN
The last three times the copper/gold ratio RSI bounced from low levels, a Bitcoin bull run started.
Looking at the weekly BTC chart below, the movement pattern of Bitcoin is currently in a correction phase after a long rally towards its new ATH area. This is normal after a big rally. The important thing is to see where BTC stabilizes and which levels are successfully broken.
Here are the key points of the analysis:
1. Current Condition (around $90,000) Bitcoin is trying to maintain medium-term support around $87,000–$90,000. As long as this area holds, the market is still considered healthy even though it is weakening.
2. Upside Scenario BTC has a chance to rise again if it can break the $96,000 area first, then $100,000. If those two levels are broken, the market usually enters another upward impulse phase.
3-Month Upside Target: $105,000 – $115,000
3. Downside Scenario If BTC falls below $87,000, the risk of a decline increases. Usually, after breaking down that area, the price tends to retest the next major support.
3-Month Downside Target: $82,000 – $80,000
4. Brief Conclusion In the next 3 months, BTC is likely to move sideways within a large range:
📌 $85,000 – $110,000
Strong increases are only possible if BTC breaks $100,000. Further declines will only occur if it breaks $87,000.
⚠️ Important note: the crypto market is very volatile and cannot be guaranteed 100%. This analysis is based on technicals & consensus predictions, not a guarantee of results.
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