bitcoin monthly chart analysis
1. Downward scenario (65% probability):
The price seems to be facing resistance at the 92,337 level.
There is a possibility of being in the overbought zone, meaning a correction is likely.
A pullback to the 85,000 - 80,000 levels may occur.
2. Horizontal movement scenario (20% probability):
Bitcoin may consolidate at these levels and could move sideways for a while.
We may see fluctuating movements between 85,000 - 95,000.
3. Upward scenario (15% probability):
If buyers maintain their strength, it may move towards the 95,000 - 100,000 range.
However, according to the current outlook, this scenario has a lower probability.
Conclusion:
With a 65% probability, it is likely that Bitcoin will experience some pullback and enter a correction. It may need to gather strength for a new upward movement in the short term. Therefore, it would be more sensible to follow support levels rather than rush to buy at this moment.
