1. Current Situation (BTC Price: $96,484.96)
• BTC has broken above the 200 EMA on the 4-hour chart, signaling a bullish continuation.
• RSI and MACD show sustained upward momentum.
• Volume supports further price increases.
2. Prediction Using Machine Learning (LSTM and ARIMA Models)
• Based on these models, Bitcoin is likely to maintain a bullish trajectory.
• Prediction is based on past performance, momentum analysis, and 5-day price action patterns.
📉 Bearish Case (Low Probability)
If the market fails to sustain above $96,000:
• BTC could revisit $93,000 - $94,000 by Friday if buyers weaken and sellers take control.
📈 Bullish Case (High Probability)
If the breakout holds and volume continues to rise:
• BTC could reach $99,000 - $102,000 by Friday.
• Momentum indicators and macroeconomic factors (US500 correlation) support this.
Key Factors to Consider
1. Resistance Levels:
• $97,800 (First key resistance): If breached, BTC could aim for $99,000+.
• $101,000 (Second major resistance): A breakout above this confirms a strong bullish run.
2. Support Levels:
• $95,000: Immediate support.
• $93,500: Strong support zone, unlikely to break without a major bearish catalyst.
3. Global Market Sentiment:
• Positive trends in traditional markets (e.g., US500) often align with BTC rallies.
• Negative macroeconomic news could hinder Bitcoin’s upward trajectory.
Conclusion
• Expected Range by Friday: $98,000 - $102,000 (Bullish scenario).
• Time-Driven Targets:
• Thursday Morning: Likely to test $98,000-$99,000.
• Friday Evening: Momentum could push BTC closer to $101,000-$102,000 if no major resistance holds.