Yesterday I pointed out that bitcoin has held $92,000 (or close to it) on six separate occasions since breaking above $100,000 for the first time. Another test is now taking place with trading dangerously close to that level and at the lows of the day.
Bitcoin 5 minute chart
We have already broken yesterday’s low of $92,724 and that has caused some additional stops in the past few minutes. These are the lows of the year so far, but I wouldn’t expect any major rates until the December 30th low of $91,262 is broken, if not the $90k level.
If that goes through, you can argue for something like a messy head and shoulders pattern targeting $78,000.
bitcoin per day