Bitcoin may reverse soon as $99,500 acts as a critical support level for traders.
Key dates for Bitcoin's potential low are December 19 to December 23, backed by historical patterns.
Fibonacci zones and Ichimoku indicators align, increasing the chance for a Bitcoin price rebound this week.
BTC could form a swing low between December 19 and December 23, according to cryptocurrency analyst Dr. Pastet. The analyst highlights price levels and historical patterns that suggest a potential rebound in the days ahead.
Source: Dr Pastet
Kijun Sen Support Indicates Potential Price Stability
The Kijun Sen level, a key part of the Ichimoku Cloud indicator, currently serves as an important support for Bitcoin at $99,500. This level has historically acted as a reliable zone for price stability during corrections and signals the potential for a recovery.
Besides this, the tri-daily Tenkan Sen level offers additional support, creating a strong base for Bitcoin’s price. Historical price movements also show past support aligning with the Chikou Span, further increasing confidence in this area as a turning point.
In addition, Fibonacci levels provide critical confirmation. The golden pocket, drawn from the last daily low, aligns perfectly with these Ichimoku indicators, suggesting a high-probability reversal zone near the current price level.
Cycle Patterns Add Time-Based Confirmation
Bitcoin’s historical price movements reveal patterns of cycle lows forming at regular intervals, such as 33, 26, and 17 bars. Dr. Pastet points to December 19–23 as the next expected cycle low, with time-based patterns indicating this as a likely pivot point for price action.
These historical cycles are supported by volume trends, which have shown increased activity near similar low points in the past. The current volume trajectory aligns with these patterns, reinforcing the possibility of another swing low during this period.
By combining time-based cycles with critical technical levels, the analysis provides a clearer perspective on potential market behavior in the short term.
Technical Confluence Strengthens Reversal Potential
The alignment of multiple technical indicators makes the $99,500 region a crucial level for traders to monitor. The Kijun Sen and Fibonacci golden pocket create a confluence zone that significantly increases the likelihood of a price rebound.
Furthermore, the Chikou Span reflects previous price movements, which align closely with current levels, making this zone particularly strong. Dr. Pastet’s analysis suggests that traders should focus on these levels as they provide the strongest signals for potential upward momentum.
The post Bitcoin Price Reversal Expected: Key Levels and Dates to Watch appeared first on Crypto News Land.
