1. Target and Prices



• Short Term Goals:


• For the upward movement: $96,000 and $98,318 levels have been determined as resistance points.


• For a bearish scenario: $91,551 and $90,829 support levels are important.


• Long Term Goals:


• Next major target on the rise: $99,513.


• In the downtrend, there is a potential pullback from the support levels at $86.324 and $85.122.



2. Support and Resistance Levels



• Supports:


• First support level: $93,216.


• Main support: $90,829.


• In a deeper correction: The $86,324-$85,122 band stands out as the strong support area.


• Resistors:


• First resistance level: $96,000.


• Stronger resistance: $98,318 to $99,513.



3. Indicators



• The image shows moving averages. The red and green curves could represent 200-period and 50-period moving averages:


• The price is currently above these averages, indicating that the price is in an uptrend.


• There is no evidence that an additional volatility indicator such as Bollinger Bands is used.



4. Formations and Formation Reversals



• Horizontal Channel:


• It is observed that the price is moving within a horizontal channel.


• Breakdown Expectation:


• In an upward breakout, the price may rise to $99,513.


• In case of a downward break, a pullback to support levels can be expected.



5. Trend Direction



• The general trend is upward. However, in the short term, a correction trend may begin if the selling pressure increases below the $93.216 level.


• In the medium and long term, the upside potential continues as long as the moving averages are positive.



6. Strategic



• Acquisition Strategy:


• Above the $93,216 level, trading is possible for upward breakouts.


• The stop-loss level can be determined as $91,551.


• Sales Strategy:


• A breakdown below $93,216 could see sales evaluated down to $90,829 and lower support zones.


• Risk Management:


• Since volatility is high, leverage usage should be reduced and stop loss levels should be determined.



7. Comment



• Bitcoin is currently consolidating inside a sideways channel. Holding above $93,216 would support the bullish scenario.


• If the price breaks above $96,000, it can quickly reach the targets of $98,318 and then $99,513.


• In case of a downward break, support levels should be carefully monitored and short-term buy-sell transactions should be preferred.



These assessments should be updated regularly based on the overall market situation.