Bitcoin Price Action Analysis and Forecast for the Next Week:
Current Analysis:
1. Key Resistance Levels:
- Level 1: $102,512 (Recent High)
- Level 2: $105,000 (Important Psychological Level)
2. Key Support Levels:
- Level 1: $96,164 (Recent Low)
- Level 2: $95,000 (Psychological Support Level)
3. Current Market Condition:
- High Volatility in the Market
- Low Liquidity on the Sell Side
- Detachment from Wall Street Movement (Positive Indicator)
Forecast for the Next Week:
1. Short Term (1-3 Days):
- High Volatility is Expected
- Possibility of Testing the Resistance Level $102,500 Again
- Support Level $96,000 Should Be Watched Carefully
2. Medium Term (Remainder of the Week):
- If the $102,500 level is broken with strong trading volume, we may see a rise towards $105,000
- If the support level of $96,000 is broken, we may see a correction towards $92,000-$90,000
Be careful.