- Bitcoin is approaching $100K but may retrace to Fibonacci levels first
- Demand zones and structure shifts are critical for smart buying decisions
- Yesterday’s analysis played out, proving the value of staying updated
Bitcoin is hovering around the $98,000 mark, leaving many wondering: Will it retrace before breaking the monumental $100K barrier, or will it skyrocket straight from here? While anything is possible in the world of crypto, the most likely scenario suggests some retracement before the big move. Let’s break it down.
The Fibonacci Retracement Possibility
If Bitcoin retraces, it could dip back to test levels of the previous impulse move. These levels often align with Fibonacci retracements—a favorite tool for many traders. What does this mean for you? Potentially, it could react at one of the demand zones below.
And if you’re wondering what a demand zone is: it’s essentially an area where buyers have historically stepped in with force, creating a price floor. Traders watch these zones closely as they often trigger strong upward reactions.
Looking to Buy? Watch for Structure Shifts
If you’re aiming to enter the market, don’t just dive in blindly. Instead, focus on lower time frames and look for a change in structure, such as higher highs and higher lows. These patterns can signal that the retracement has ended, and the price is ready to climb again.
But here’s something to keep in mind: Bitcoin could react to this very last demand zone without even breaking its bullish structure on the M5 timeframe. If that happens, it could mark a swift resumption of the upward trend—another reason to stay alert and adaptable.
Could Bitcoin Skip the Retracement?
Let’s not rule it out—Bitcoin could defy expectations and push straight to $100K without a pause. But let’s be honest: buying at such high levels isn’t the smartest move. It’s often better to wait for discounted prices that offer a better risk-to-reward ratio. Patience pays in this market.
Yesterday’s Analysis Nailed It
If you’ve been following our updates, you’ll notice that yesterday’s analysis played out beautifully. That’s why staying updated with our insights is so crucial. When the markets move, having quality analysis on your side can make all the difference.
What’s Next?
Truth be told, no one can predict the market with 100% certainty—not even the best traders out there. But by understanding key levels and strategies, you can be ready for whatever Bitcoin decides to do next.
Make sure to keep an eye on our site for more in-depth analysis and actionable insights. Whether Bitcoin retraces, reacts to its last M5 demand zone, or takes the fast lane to $100K, we’ve got you covered.
As always, trade wisely! 🚀
