$RVN em #accumulation modo ✅ | TMC na Binance Square

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$RVN em #accumulation  modo ✅

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Market Update: Bitcoin has now dropped below the $95k level (Weekly Open) on the 4-hour chart. The demand zone between $94.9k - $93.8k, which was highlighted a couple of days ago, is still holding as support. However, BTC is currently chopping around within this zone, showing a lack of clear direction. Bullish Scenario: If Bitcoin reclaims the $95k level, it could signal another push towards $96.5k (Monday High) and the 4-hour EMA200, both of which are key resistance levels. Bearish Scenario: If the demand zone fails to hold, a break below could lead to a sweep of the $92.5k (Monday Low). In conclusion, Bitcoin is consolidating within a key range. A reclaim of $95k could lead to a move higher, while a loss of the demand zone would likely bring the price down to $92.5k. Keep these levels in mind for the next potential move.

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support & Resisrance

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Market Update - Bitcoin is still facing 4 hour resistance at $99.6k (Prev Month High,) with another test and rejection from this level yesterday. This has seen a 5% sell off overnight, with $95.1k (Weekly Open) providing a small reaction so far. BTC is struggling to hold onto the 4hr EMA200 at $96.5k, and if we see acceptance below this then we may finally see a retest closer to $92k again.

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#MarryChristmas2024 🎄

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Market Update: Bitcoin has managed to reclaim the critical $96.5k level, which corresponds to the 4-hour EMA200 and Monday's high. As anticipated, the $99.6k level (previous month's high) is now acting as resistance, a level that was once support before being broken. Since $96.5k was reclaimed, it hasn’t yet been retested. If a pullback happens, this would be the key level to watch for a potential bounce and continuation to the upside. A successful 4-hour reclaim of $99.6k could signal a move towards the $102k mark.

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