Bitcoin prices could hit new highs and a sell-off is expected

BTC has been making higher highs and higher lows since October 2024.After peaking, BTC has shown some retracement/consolidation, with recent candles indicating lower highs and lower lows. If BTC holds support and breaks above $100,000, it could continue its uptrend to 112k.

Fib Levels:
0.236 - 91,600 (Possible support)
0.382- 85,800 (Stronger support)
0.5 -78,000 (Major correction area)
0.618 -72,500(Deep pullback )