đ„ Bitcoinâs Growth Outlook Amid Ongoing Market Pullbacks :
As reported by Odaily, analyst Banmuxia has examined Bitcoinâs recent price action, highlighting an early-morning uptick that, while noticeable, lacked strong momentum. The rise from around $80,500 seems to be shaping into a leading wedge, which likely represents the âaâ wave within a larger fourth-wave correction. Based on this pattern, the current correction phase is expected to remain within the $83,800 to $93,100 range.
The price is now approaching the 0.382 Fibonacci level, suggesting that the corrective move may be close to finishing. There is also notable support between $89,000 and $90,000, reinforcing the possibility of stabilization.
Looking ahead, the market could see Bitcoin aiming for the $103,500 to $112,500 zone over the coming month, though traders should be prepared for significant volatility along the way.
