From here on, the levels that the Bitcoin price needs to hold are the $105,293 and $105,314 support levels. Holding these levels would provide the needed strength for the cryptocurrency to continue rising further. But a fall from here would mean that the next support to hold would be at $104,533 and $104,282, Master Ananda explained. This is because this would put the price right at the 0.618 Fibonacci retracement level.
According to the crypto analyst’s charts, the Bitcoin price would target $115,482 as its final stop on this rally. As the crypto analyst explained, “The 1H timeframe is bullish now based on price action, candlestick patterns, higher lows, moving averages, and the oscillators.”
