Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.
Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?
Bitcoin price right now is $110400.
Well I think Bitcoin needs to cross 113K and must have a daily close above it and then we can say that Bitcoin will move to the 120K or above levels.
As you said that Bitcoin have move to 110k but today it is back to 109K. These days the price action is quite choppy and it is not easy to predict what will be the next move of Bitcoin. I am waiting for the fed interest rates cuts and that will trigger a parabolic move in the Bitcoin price.