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- 🎤 Cheer for Your Idol · Gate Takes You Straight to Token of Love! 🎶
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Bitcoin is moving in a critical range! What are the short-term expectations?
Crypto News - While the Bitcoin price consolidates in the short term, we see a significant amount of liquidity forming. Ethereum is currently moving around a very important support line on a weekly time frame. Solana and XRP are creating some short-term bullish opportunities.
Bitcoin price is still moving within a larger bullish market. If we deviate from the weekly timeframe, it is still forming higher lows and higher highs. However, when we look at the weekly Bitcoin chart, we are approaching a potential bearish crossover, especially in the Bitcoin MACD indicator. Nevertheless, signals for an upward movement are starting to form in just one day, rather than a downward movement. However, we still need confirmation in the weekly candle close. We have only 2 days left for the confirmation of this outlook. Positive signals need to form on the chart to prevent this negative outlook.
The Bitcoin Super Trend Indicator is positioned in green, as it has been for a long time. There is bearish divergence in the weekly Bitcoin chart. Lower bottoms are forming in the weekly Bitcoin RSI, indicating that we are losing momentum in bullish market conditions.
Crypto analyst Crypto World expects at least Bitcoin price to remain sideways in the short term. He says there is a lack of momentum in both directions. The short-term support level is in the range of 95,000 to 96,000 dollars. The next support level below this area is at 92,000 dollars. The upcoming resistance area is at the 99,000 dollar level. This level was recently acting as support for a short period, but things turned around. Additionally, the range of 101,000 to 103,000 dollars has once again become a strong resistance. As we have frequently emphasized in our previous content, there is also resistance at the 106,000 dollar level.
The information in the text is purely for informational purposes and does not constitute investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investment is based on various factors such as knowledge, experience, research, and personal decisions.
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