Lark Davis Predict Next Move as Bitcoin Fail Sustaining $60k

After the recent performance by Bitcoin, the community is left scratching their heads in anticipation of the next move. After briefly surpassing the $60,000 mark, the leading cryptocurrency has struggled to maintain this psychological threshold.

This has led to discussions on what could be the next direction Bitcoin could be headed.

Analysts See Silver Lining Amid Bitcoin Price Dip

Despite the current pullback, which has seen BTC drop nearly 2% in the last hour and hover below $60,000, some analysts remain bullish on its prospects. Prominent crypto YouTuber and analyst Lark Davis has recently shared an optimistic outlook. He suggested that Bitcoin could be on the verge of a significant upward move.

In a recent video, Davis pointed to several technical indicators that he believes signal a potential surge. He highlighted a bullish crossover on the daily timeframe and a microphone pattern that, if it holds true, could propel BTC toward the $90,000 to $100,000 range.

Davis emphasized the importance of the $100,000 level, noting that it aligns with the 1.618 Fibonacci extension line. This technical analysis suggests that if BTC can break out of its current pattern, it could see a dramatic price increase in the coming months.

While Bitcoin is currently using $60,000 as a strong support level, Ethereum has also seen a dip, falling below $2,700 at press time.

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