The Next Bitcoin Targets Revealed

The TradeLean analysis focuses on Bitcoin’s recent bullish trend and the critical resistance and support levels shaping its potential movements. Bitcoin has been testing the resistance around $92,750, but with limited success in sustaining a close above it. This level is pivotal; a confirmed close above it could drive Bitcoin towards the $100,000 mark.

Indicators like the RSI and other oscillators show continued bullish support, without bearish divergences, indicating that the upward trend has been strong and steady. However, a failure to break through and maintain a position above $92,750 may lead to a pullback to the support level around $85,100.

On shorter time frames, particularly the 4-hour and 15-minute charts, Bitcoin shows range-bound behavior with low momentum, facing challenges around the $91,400 to $93,938 zones. If Bitcoin falls below the support at $86,760, it could signal further decline. The analysis highlights the importance of monitoring Bitcoin’s ability to close above or maintain key levels, as this will determine whether the trend continues upward or corrects downward.