To provide an assessment of Bitcoin's price trend on the 1-hour frame (H1), detailed technical analysis is needed by examining candlestick charts, technical indicators (such as RSI, MACD, Bollinger Bands, Volume), and important support/resistance levels. However, with the current information, I can provide some general observations and factors to monitor:
General situation from news sources:
* Bitcoin has had strong price surges recently, surpassing important milestones like 116,000 USD and even 120,000 USD. Some optimistic forecasts suggest that BTC could reach 160,000 USD - 165,000 USD or even 200,000 USD by the end of 2025.
* However, there are also signals indicating the risk of profit-taking and short-term corrections. Some sources have mentioned the possibility of Bitcoin dropping to 115,000 USD if selling pressure occurs.
* Macroeconomic factors such as Fed monetary policy or legal events related to cryptocurrencies can also significantly affect BTC prices.
Trend assessment on the 1-hour frame (H1):
The H1 time frame is often used by short-term traders (day trading). Trends on the H1 frame can change quickly and are heavily influenced by news factors and market sentiment during the day.
* Volatility: With Bitcoin's recent strong price increases, the H1 frame may show high volatility. Candlesticks with long bodies and large wicks indicate strong buying/selling pressure and fierce contention.
* Support and Resistance:
* Resistance: If Bitcoin has surpassed 120,000 USD, then higher price levels (e.g., the most recent historical peak) will become potential resistance levels. Whether the price can hold above 120,000 USD is crucial.
* Support: Price levels at which Bitcoin has recently bounced (e.g., 116,000 USD, 115,000 USD, or support zones formed by moving averages on the H1 frame) will be important support points. If the price breaks these levels, the trend may reverse downward in the short term.
* Technical Indicators:
* RSI (Relative Strength Index): If the RSI on the H1 frame is in the overbought zone (above 70), a downward correction may occur. Conversely, if it is in the oversold zone (below 30), a recovery signal may emerge.
* MACD (Moving Average Convergence Divergence): When the MACD line crosses above the signal line and the histogram is positive, it indicates strong upward momentum. Conversely, if it crosses below and the histogram is negative, downward momentum may be prevailing.
* Volume (Trading Volume): Trading volume accompanying strong price increases is a positive sign. However, if the price increases while the volume decreases, it may be a sign of weakness.
Summary of observations:
To make the most accurate assessment on the H1 frame, you need to monitor Bitcoin's price chart in real time.
* If Bitcoin continues to hold and closes above key resistance levels (especially around 120,000 USD), the short-term upward trend may continue.
* If Bitcoin faces strong selling pressure and breaks through support levels (like 115,000 USD), a downward correction on the 1-hour frame is very likely.
Important note: Technical analysis on short time frames like H1 is highly volatile and prone to noise. Investors should combine it with multi-timeframe analysis (considering H4, D1 to determine larger trends) and manage risk closely.
Disclaimer: This is not financial advice. The cryptocurrency market carries high risks. You should conduct thorough research or consult a financial expert before making any investment decisions.
