🚨 BİTCOŞAR #Bitcoin (#BTC ) Special Analysis (VIP Analysis and Signal)

Bitcoin closed the daily candle at the level of $94,881. It wasn’t a bad close; it was a close with reduced selling pressure. However, this candle close is not sufficient to signal a potential upward reversal, as it is a doji candle (bodyless candle). $BTC

For an upward reversal in Bitcoin, we need to see a close above $95K, or even $96K. For the past two days, we have been closing below $95K. Therefore, it still seems very likely that BTC could continue to fall.

If the $92K support is broken, the likelihood of our bearish scenarios coming to fruition remains high. If the $96K resistance is broken, we could say that the price is recovering from here. However, for a confirmed upward reversal, we need to see consecutive, volume-driven candle closes above $96K, along with a breakout. If a 4-hour candle closes below the $94K support, the price will likely head back to the $92K support. If we see consecutive 4-hour and daily candle closes below $94K, this could weaken and potentially break the $92K support.

Current Resistances: $95K - $96K - $97K

Current Level: $94,378

Current Supports: $94K - $93K - $92K

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