Bitcoin (BTC) fell below the $104,000 level shortly before the announcement of the US Federal Reserve's interest rate decision. This move is considered a critical turning point in the cryptocurrency market.

The narrowing of Bollinger Bands, which is among the technical indicators, and strong support regions indicate that this correction may soon provide a foundation for a significant Bitcoin rise.

According to information from COINOTAG sources, analysts predict that Bitcoin may gain value between 18-25% in the upcoming period, reaching the level of $130,000 by the end of the second quarter. Of course, this scenario will be valid if critical support points remain intact.

Bitcoin dipped below $104,000 ahead of the Fed's decision, while technical analyses indicate a potential rally towards $130,000 by the end of the second quarter. The strength of support levels is crucial for a bullish move.

Price Movement Below $104,000 is a Preparation for Possible Rally

Bitcoin's drop below the $104,000 limit is being closely monitored by investors and analysts. Especially, the fact that this occurs simultaneously with an important Fed interest decision draws attention to the increase of macroeconomic effects at the intersection of traditional and crypto markets. The price found support in the range of $102,000-$104,000, which previously acted as strong resistance. The transformation of this former resistance into support is generally considered a classic technical sign that precedes a bull run. Additionally, the squeezing of Bollinger Bands in this region reflects past periods of low volatility before significant price movements. When these technical indicators come together, they strengthen the likelihood of Bitcoin making a short-term bottom and then initiating an upward movement.

Technical Indicators and Short-Term Price Dynamics

According to Bitcoin technical analysis, market volatility is characterized by narrowing Bollinger Bands. This situation typically indicates a consolidation process signaling an approaching strong price movement. The $98,300 level stands out as critical support; a persistent break below this point may invalidate the bullish scenario and lead to sharper declines in prices. On the other hand, maintaining above this level increases the likelihood of a rally. Historical market data shows that a price increase of 18-25% has been observed under similar conditions, which could take Bitcoin to a new peak between $120,000 and $129,000.

Target of $130,000: Is it Possible in the Second Quarter?

Market experts evaluate the likelihood of Bitcoin reaching $130,000 by the end of the second quarter with an optimistic outlook, in conjunction with analyses sourced from Cointelegraph. This forecast is consistent with the expected price increase in the range of 18-25%, indicating Bitcoin’s potential to surpass previous peaks. This approximately 6-8 week process offers investors the opportunity to track momentum and adjust their positions. However, this positive scenario depends on the preservation of critical supports. If these supports are broken, volatility may increase and downward pressure may emerge on prices, requiring market players to be more cautious.

Strategic Points for Investors

Support Levels: The range of $102,000-$104,000 is very important for a short-term bottom formation. $98,300 is a critical threshold for the overall market condition.

Upward Potential: If supports hold, Bitcoin could gain value between 18-25% and approach $130,000.

Time Frame: This movement is expected to occur by the end of the second quarter, that is, within the next 6-8 weeks.

Volatility Preparation: Narrowing Bollinger Bands herald the upcoming price fluctuations. These fluctuations can support the rally as long as supports are held; otherwise, prices may experience sharp declines.


PLEASE READ CAREFULLY FOR $10 GIFT TO 170 PEOPLE.

Friends who have not yet activated the futures trading section will earn $10 when they enter my reference code 88623008 to activate the futures trading section. The first 170 people will benefit from this reward.

I EXPLAIN IN DETAIL.

Brothers who registered without a reference on Binance, please listen carefully;

You will earn 10 USDT when you do what I say in order.

Enter the Futures section from your application,

On the next screen, enter the REFERRAL CODE section and enter the code 88623008 to open your account,

Brothers who want to receive a 10 USDT reward by completing this process by April 10 can do so. After this, it will be enough for you to have a trading volume of $30 after activating your account. However, even if you do this process after April 10, your reward will not arrive. Therefore, I recommend you to settle it in 5 seconds.

THE SYSTEM WORKS ON A FIRST-COME, FIRST-SERVED BASIS. THEREFORE, DO NOT BE LATE TO CLAIM YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.

PLEASE READ CAREFULLY FOR $3,300 GIFT.

Friends, you know that we do everything we can for you as publishers. We communicate the services and opportunities provided to us by our authorities. I have never withheld my support for both the cryptocurrency market and you; on the contrary, I strive to provide more support.

Now I will explain how to claim your gift. First, those of you who have not opened a futures account need to activate this account with a short transaction. I will explain how to activate it in detail and simply.

So who can benefit?

Friends who have not yet activated the Futures section can activate it by entering my reference code 88623008 when opening the FUTURES section. It’s an easy process. I have shown where it is below.