#Bitcoin Eyes $88,000 as Early Week Rebound Builds Momentum, Michael van de Poppe Highlights. Bitcoin is showing renewed strength at the start of the week. This followed a scare over the weekend, during which BTC declined 6% from $78,360 to the key support at $73,600. Broader market conditions support further short-term uptrend amid declining volatility. Price is also approaching a key resistance band between roughly $85,000 and $88,000. This is the next major hurdle, and breaking it sets BTC up for much more advanced price action, potentially targeting $100,000.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.