#BTCNextMove

The direction of Bitcoin (#BTCNextMove) depends on several technical and fundamental factors. Here is a brief analysis of the expected upcoming move:

Key Support and Resistance:

• Nearest Support: At around $95,000. Breaking it could lead to a drop towards $90,750 or lower.

• Nearest Resistance: At $100,000. If broken with strong volume, the price could head towards $105,000-108,000.

Technical Indicators:

• Relative Strength Index (RSI): In the “oversold” zone (below 30), which could indicate a possible recovery in the near term.

• Volume: If we see an increase in volume with the break of key levels, it could indicate an upcoming strong move.

Influencing Factors:

1. Market News: Any positive or negative news regarding the global economy or cryptocurrency regulation could have a direct impact.

2. Traditional Market Movement: Stock performance and the US dollar price may also affect.

3. Investor sentiment: Is the market in a state of fear or optimism? (Sentiment).

Short-term outlook:

• If the price stabilizes above $95,000, a rebound towards $100,000 levels is expected.

• If the selling pressure continues, we may see a rapid decline to $90,000.

Tip:

Keep an eye on technical levels, monitor global news, and make sure to manage your risks, especially in a highly volatile market like cryptocurrencies.