Bitcoin Technical Analysis

Bitcoin is currently fluctuating between $91,334 and $106,490, with a strong resistance observed at $106,490. Using the Trend-Based Fibonacci tool, the key levels to watch after a breakout are:

Fib 0.618

Fib 1

Fib 1.618

In case of a decline, the most critical support levels are $91,334 and $86,690. If these levels are lost, a further drop to $73,000 is possible.