Bitcoin rebounded after hitting downside P&F chart targets of 86K/85K then 81K/80K, right at the FIB 50% retracement level! BTC rallied back up close to the 95K P&F target. A breakout past this resistance zone can lead to the next targets of 104K/108K/109K and a eye watering 124K target! New support zones: 90K/86.4K. Keep an eye out for a P&F chart reversal that can signal the end to the rally and a consolidation phase.
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