#Michael Saylor BTC Purchase

Bitcoin Price Prediction: Next Target $130,000, But...
Bitcoin is currently trading at a critical resistance level of approximately $94,250, known in Fibonacci analysis as the "golden ratio." This level is considered extremely important in both technical analysis and natural patterns, and it often indicates strong reversal points for the price.

The fact that Bitcoin has reached this level may indicate that the recent rally has begun to slow down. For this reason, investors are closely watching the next move.

So far, Bitcoin has shown signs of a possible five-wave movement since the low in April. If this formation is completed, it will confirm a strong upward trend and could open the door for further gains. However, if this movement remains as only a three-wave structure, it could indicate that the market is still in a broader bear trend and that the recent rise is a temporary recovery.
Support levels should be monitored.
The main support zone for the current trend is between 84.526 and 88.494 dollars. As long as the price remains above this zone, the short-term outlook will continue to be positive. Additionally, there is a smaller support zone between 91.047 and 93.581 dollars; this area may also help keep the price elevated in the coming days.

Investors should carefully monitor these levels. If Bitcoin manages to stay above the support levels and breaks the resistance of $94,250 with strong momentum, the long-term target could rise to $130,000. However, falling below the support levels would be a sign of weakness and increase the risk of a deeper correction.