📊 Bitcoin Update – Upcoming Scenarios

Currently, Bitcoin shows rather cautious technical signals: moving averages and several indicators indicate a bearish outlook.

In particular:

The RSI index is in a low/oversold zone in the short term.

The moving averages (short and medium term) signal sales, and there are no strong confirmations of a reversal yet.

🔍 Levels to Monitor

Key support: around USD 98,800–99,800. If this level holds, it could allow for a bounce.

Critical resistance: above ~ USD 114,000–117,000. A credible breakout above these levels could provide upward momentum again.

Risky scenario: if the support at ~98K were to break, it could open up space for a more significant correction in the short/medium term. $BTC $SOL $XRP #Binance #CryptoAnalytics