Forecast $BTC : Current Situation and Prospects

On the BTC/USDT chart, it is noticeable that the price is trading in a key volume area, around $94,800. The horizontal volume profile confirms that this is an important level of supply and demand.

Technical Indicators:

• RSI: At the level of 45.15, indicating a neutral market state. Currently, there are no clear signals of overbought or oversold conditions.

• Support and Resistance Levels:

• The nearest support is located at $93,500. If broken down, a deeper correction may begin.

• Resistance is at $97,500 and then $103,900. A consolidation above these levels may strengthen the bullish trend.

Potential Scenarios:

1. Bullish: If the price holds above $94,000, an increase towards resistance levels is possible.

2. Bearish: In the event of a breakdown below $93,500, the price may test lower levels, down to $90,000.

Traders are advised to closely monitor volumes and the change in RSI to determine the further direction of price movement.