Bitcoin Price Outlook: Potential Surge or Correction Depends on Key Support Levels

The crypto analyst notes that indicators like RSI and MACD suggest the bullish momentum in Bitcoin may be waning. Nonetheless, the long-term outlook remains optimistic. Market analysts and participants are increasingly convinced that we might be at the initial phases of a new supercycle. If Bitcoin manages to stay above the $103,000–$105,000 range, there’s a possibility of a new surge towards $115,000. Conversely, a break below $103,000 could lead to a correction down to $93,000–$97,000.