Bitcoin (BTC) $95,771.38After re -testing the level of 92 thousand dollars in the last ten days, it draws attention with the decreasing volume and volatility. This recession caused uncertainty, especially for short -term investors.
Bitcoin Technical Analysis: Expectation of Movement towards 94 thousand dollars
Technical indicators show that there is a low probability of a strong price movement this week, but there are certain trade opportunities. Price Movements and Liquidation Heat Map BTC‘s 94 thousand dollars to the level of a movement can start.
Bitcoin maintains the support level of 95 thousand 500 dollars, while the current price movement is moving towards 0.25 percent of Fibonacci. Although these levels usually function as support or resistance, they are not as strong as the middle level. The fact that the 4 -hour RSI drops below the neutral 50 level indicates a change in the momentum. For the last two weeks, the range of 98 thousand to 99 thousand dollars stands out as a strong resistance zone.
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Due to the low trading volume, OBV has not shown a significant movement in recent days. Since the last decrease in the price is supported by weak volume, it is thought that this movement may stop at the range of 95 thousand to 95 thousand 500 dollars.
Liquidation Heat Map and Short Term Expectations
The 1 -week liquidation heat map shows that the $ 94,000 region is a strong gravitational area. Local hills around 99 thousand dollars in the upward direction are also among the liquidity pockets that attract attention. Short -term decline momentum BTC priceIt can be drawn to $ 94 thousand and then a recovery can be experienced towards 99 thousand dollars.
The 24 -hour graphics also supports this scenario. The price, significant liquidation levels to visit the level of 95 thousand 200 dollars, 97 thousand 800 dollars seems to be more likely. This small decline can pave the way for a movement towards $ 94 thousand, and then a recovery can be expected.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
