Bitcoin (BTC) Price Analysis ā Short Term Outlook š
Bitcoin is currently trading in a consolidation range, showing uncertainty in the market. Price is moving sideways after the recent volatility, which usually happens before a strong breakout or breakdown.
Key Levels to Watch š
š“ Resistance Levels:
$94,000 ā $95,000: Immediate resistance zone
$98,000 ā $103,000: Major resistance if breakout happens
š¢ Support Levels:
$92,000 ā $92,500: Strong short-term support
$89,200 ā $89,600: Next support if selling pressure increases
$85,000 ā $84,000: Major demand zone in case of a deeper correction
Bullish Scenario š
If Bitcoin breaks and closes above $95,000 with strong volume, bullish momentum may continue.
Possible targets: $98,000 ā $103,000
Medium-term upside could extend higher if momentum stays strong.
Bearish Scenario š
If BTC fails to hold $92,000 support, sellers may take control.
Downside targets: $89,200 ā $85,000
Breakdown confirmation needed with strong selling volume.
Market View š§
At the moment, BTC looks neutral to slightly bullish, but confirmation is still required. Best approach is to wait for a clear breakout or breakdown and avoid emotional trades.
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