Bitcoin has tested the bullish fair value gap at approximately $88.220, which provides active immediate support. From a technical perspective, this level is a crucial pivot point.
A new consolidation phase could begin if bears close below this level, targeting $84,500. On the flip side, if the immediate resistance holds, a new bullish wave will likely emerge, with the potential to target $95,00.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.