The Calm Before the Storm? 🌊

In the 4-hour chart, we see that the price is in a clear downtrend, below all the EMAs. However, the volume has increased in the last candles, suggesting greater interest from market participants. The RSI and the Stochastic are in neutral territory, which does not give a clear signal about the direction of the price. The MACD is in negative territory, confirming the downtrend.

What Does This Mean?

The current situation is one of indecision. The downtrend is evident, but the increase in volume and the neutrality of the indicators suggest that we may be at a turning point.

Where Are We Going?

If the price manages to strongly exceed the EMA 9 (96987.27) and the volume supports it, we could see a bullish momentum that leads it to seek resistances at the EMA 50 (99269.03) and EMA 200 (99958.92). If it surpasses these resistances, the path to new all-time highs would be open.

On the contrary, if the price fails to surpass the EMA 9 (96987.27) and continues to fall, we could see a deeper correction that leads it to seek supports at lower levels.

My Prediction! 🔮

I believe we are at a crucial moment. If Bitcoin manages to surpass the EMA 9 (96987.27) with conviction, we could see a bullish rally that takes us to break the barrier of 100,000 and reach new all-time highs. Stay tuned!

Disclaimer! ⚠️

Remember that this is just my opinion and should not be taken as an investment recommendation. The market is unpredictable and there is always the possibility of losing money. Invest responsibly!

Best regards and happy trading!