Hey there! If you’re watching the crypto charts and wondering where Bitcoin is heading next, let me break it down for you in simple, clear English. Whether you're a beginner or seasoned trader, this article will help you understand what’s really happening in the market.

🔍 Bitcoin is Moving in a Range Right Now

Right now, Bitcoin is stuck in a tight range between 1,04,000 and 1,09,000.

The daily chart shows it's going through a consolidation phase — not going up or down too much.

But 1,12,000 is proving to be a tough resistance — the price just can’t seem to break through it.

💸 Signs of Distribution Phase

If you've noticed, every time the price goes up, the volume spikes in red.

That’s a sign that big investors are slowly selling their holdings — known as a distribution phase.

This usually happens when smart money is booking profits while others are still buying.

🧱 Strong Support at 1,00,426

Bitcoin has found strong support around 1,00,426, and it’s been tested multiple times.

This level is also psychological — if it breaks, prices could fall sharply.

But if BTC crosses 1,12,000 and closes above it, we may see the bulls returning.

⏳ 4-Hour Chart Shows Weakness

Looking at the 4-hour chart, Bitcoin isn't looking too strong right now.

It formed a lower high near 1,08,990 and again tested support at 1,02,816.

Currently, it’s stuck between 1,04,000 and 1,05,000, with every upward move losing strength.

⚠️ Watch This Range for Trading Clues

If BTC tries to move between 1,07,000 and 1,08,000 but fails to hold, it could be a good opportunity for short selling.

But if it manages to move above 1,09,000 with strong volume, we might see bullish action again.

So keep an eye on how the price reacts in that range.

🕒 1-Hour Chart: Buyers are Weak, Sellers Active

On the 1-hour chart, Bitcoin fell from 1,07,773 to 1,03,388 — a clear drop.

The candles are small and forming dojis, which shows confusion in the market.

Low volume indicates that buyers aren’t confident right now.

📉 Is This the Time to Short?

If the price goes above 1,05,000 with strong volume, you might consider buying.

But right now, if BTC drops below 1,04,000, shorting it could give good returns.

In that case, the next target could be 1,03,000 — a likely support zone.

🧠 What Do Technical Indicators Say?

Let’s take a quick look at the technical tools:

RSI: 47 — neither overbought nor oversold

Stochastic: 47 — mid-range

CCI: -54 — slightly negative

Momentum (10): -1,512 — weak price movement

MACD: 342 — showing bearish signal

ADX: 16 — weak trend strength

Awesome Oscillator: -682 — bearish momentum

🧾 What About Moving Averages?

Short Term (10–30 days): Negative trend

Mid Term (50 days): Slightly bullish

Long Term (100–200 days): Still positive, which means the long-term structure is healthy

📈 Bullish Possibility

If Bitcoin closes above 1,12,000, it could confirm a fresh bullish rally.

The long-term moving averages support this, so long-term holders might feel more confident.

We just need a breakout with strong volume to confirm the trend.

📉 Bearish Possibility

But, if 1,00,000 support breaks, that could signal a big correction ahead.

Right now, short-term price action looks weak, and sellers are dominating.

So unless something changes, caution is the smart move.

✅ Conclusion: What Should You Do?

You and I both know Bitcoin is full of surprises.

So if you're planning to trade, don’t just rely on emotions — let the charts and levels guide you.

Watch 1,12,000 and 1,00,000 closely — they will tell us where Bitcoin wants to go next.

⚠️ Disclaimer:

This article is only for educational purposes.

It’s not financial advice. Please do your own research or consult a professional before making any trading decisions.

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