Bitcoin is currently trading around $89,771.35, having dropped from its early-October peak near $126,000. Analysts predict a possible rebound toward $96,000-$98,000 within the next 2-4 weeks, provided key support levels hold steady. If bullish momentum resumes and resistance zones are broken, some analysts suggest a potential climb toward $100,000-$104,000 in the medium term. ¹ ²
*Key Support and Resistance Levels:*
- _Support:_ $80,600
- _Resistance:_ $96,000-$98,000
*Market Sentiment:*
The current global macroeconomic backdrop is weighing on Bitcoin, with some analysts noting that BTC is "pricing in" a pessimistic economic growth outlook. However, some see the recent pullback as a setup for a rebound, especially if broader market sentiment improves and liquidity returns.
BTC
92,280.31
+2.29%