– Bitcoin reversed from the support area
– Likely to rise to resistance level 100,000.00
Bitcoin cryptocurrency recently reversed up from the support area between support levels 93775.00 and 90000.00. This support area has stopped the previous corrections 4, A, C and 2, as can be seen below.
This support area was further strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward price impulse from November.
Given the clear daily uptrend, Bitcoin cryptocurrency can be expected to rise to the next round resistance level 100,000.00.
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