BTC Analysis and Prediction
Bullish Factors
- Price is holding above MA(9) and MA(50), which often act as short-term support.
- RSI is neutral (50.87), so there’s room for movement in either direction.
- The recent strong green candle shows buyers are still present.
Bearish Factors
- The failure to hold above MA(21) and the quick rejection from the 106,853.27 high suggest resistance is strong in the 106,000–107,000 zone.
- MACD is slightly bearish and flattening, indicating waning bullish momentum.
- The last candle is red, showing sellers stepping in after the rally.
Prediction
- Short-term, the price is likely to consolidate between 105,000 and 105,500.
- If BTC/USDT holds above 105,100 (MA9) and especially 104,750 (MA50), another attempt to break above 105,450–106,000 is possible.
- If price drops below 105,100 and especially 104,750, expect a retest of the 104,200–104,000 support zone.
- Upside breakout: A strong green candle above 105,450 (MA21) could trigger a move toward 106,000–106,850.
- Downside risk: Failure to hold 105,100/104,750 would likely lead to further selling.