Bitcoin Analysis (Daily Time Frame)
In the past week, Bitcoin initially dipped to the important support level of $91,200 and immediately reversed, moving upward. It managed to break the significant resistance at $102,500 and closed above it.
Main Scenario: Given the breakout, it is expected that Bitcoin will move towards its historical high at around $108,400. If this level is also broken, the next target for Bitcoin will be a new high at $117,000.
Alternative Scenario: If Bitcoin reverses downward and breaks the $97,300 area, the next target will be the support at $89,170.
Bitcoin Analysis (4-Hour Time Frame)
Main Scenario: After a brief price or time correction to the $100,770 level, Bitcoin could move towards the $108,400 resistance or even higher.
Alternative Scenario: If Bitcoin moves strongly downward and breaks and stabilizes below the $97,360 area, the $89,170 level will be the next support zone.
Bitcoin Analysis (15-Minute Time Frame)
Main Scenario: If Bitcoin breaks below the $104,000 support, the next target will be the range between $102,300 and $100,700.
Alternative Scenario: If Bitcoin breaks and stabilizes above the $105,990 resistance, the next target will be the $108,400 area.