Here's a price prediction for Bitcoin (BTC) in the next few hours, two days, or even a week:
Currently, Bitcoin is trading between $83,900 and $84,100.
- According to current research, there is a selling bias.
Price Action: Bitcoin appears to be facing downward pressure and may reach the support level at $77,672 at any moment.
Support and Resistance Levels:
- Resistance Level (Max): $86,366
- Current Strongest Support Area: $77,672
Expected Movement:
According to current indicators, there is a possibility that Bitcoin will reach the support level at $77,672, but if the trend changes, it may attempt to rise to test the resistance level at $86,366. If it fails, it will return.
Possible Next Moves:
- Price Decline: Reaching the support level at $77,672.
- Upward movement: An attempt to rise to the resistance level at $86,366. If buy orders increase, it will reach $88,200.
- Note: These forecasts are based on current indicators and may change rapidly due to market news and other factors affecting Bitcoin's price movement.
- I have condensed the analysis for you and deliberately omitted the stages Bitcoin will go through as it descends to the support area or reaches the aforementioned resistance area.
- Of course! This is not financial advice. And remember that any analysis I publish is "temporary," lasting from one to two days and not exceeding a week.
