Price Prediction
Bitcoin Tests Key Support
Bitcoin has fallen to an important price area linked to its 2024 all-time high of $87,500. This has brought a key technical support zone into focus, with buyers expected to step in if the price drops below this area. The main levels to watch are the monthly breaker block at $72,500 and the weekly Imbalance Fair Value Gap (IFVG) at $70,900. Bitcoin's recent price movement supports the possibility of a retest of this historical price area, with traders watching for buyers to defend the support zone and trigger another upward move.