If we look at the 4-hour chart of Bitcoin$BTC , we can see that BTC found support at levels of $92,888 and $95,871. However, the Awesome Oscillator (AO) indicator remains in the negative zone, indicating a bearish momentum.

Nevertheless, more green bars have appeared on the histogram. This means that BTC may avoid a significant decline and will trade above the support levels. In an optimistic scenario, the price of Bitcoin could reach $104,299 very soon.

If the bulls take over, the value of BTC will jump to $108,386.

A drop below the minimum support level could negate the positive forecast. In such a case, the price of Bitcoin could fall to $92,144.