We are still on a lateral path between areas 80,000 and 82,000. There is a very big fear among sellers and buyers who represent the (supply and demand) area.
There is an area that Bitcoin must break to continue rising, which is the $84,580 area. Main resistors:
Since Bitcoin dropped to the $76,600 area, we have been in an upward trend until today, where Bitcoin touched the $88,400 area twice but did not have a real breakthrough. The trend changed from upward to sideways between two areas
(86,300) and (88,400) This does not cause any concern or tension as long as Bitcoin is above the $86,300 level Rise Scenario:
Currency $BTC Do not be fooled by the few green indicators; they give you a small dose of happiness and suggest that the trend is upward, but the opposite is true.
If Bitcoin does not exceed the $85,460 area and close above it with two green candles, this indicates a gradual decline to the $82,000 and $78,000 areas.
The price of Bitcoin has not yet exceeded the exponential moving average at (50, 200).
Currency $LTC The current trend is downward, the price is still below (sma, ema) 50 average, which gives a probability of a slight decline, but there is a possibility of a short-term rebound due to overselling. Main comparisons:
98$ 106$ Support areas: 85$ 80$ 75$ It is necessary to break through the 98$ area to continue rising, and if the area is not exceeded, we may see the 85$ area, after which a rebound may occur.
Currency $BTC Bitcoin reacted exactly as expected from the reversal area, bouncing back strongly.
The price movement indicates a possible move towards the resistance area of 84,000 - 86,000$, where we will look for confirmation of the breakout or rejection. Main resistances:
84,580$ 86,850$ 88,884$ Bullish scenario:
Bitcoin may break the 86,850$ area and settle above it, which gives positivity in the market and attempts to rise again also above the 89,000$ area.
Bitcoin remains in a clear downward trend across multiple time frames, with all major moving averages showing intense selling pressure. Failure to maintain the $84,200 level may lead to a retest of the support area between $81,000 and $78,000. Due to decreasing trading volumes and ongoing bearish technical indicators, further declines remain the prevailing scenario unless buyers intervene decisively.
On the 4-hour chart, Bitcoin found support near $81,463, and the bounce took it to the $88,000 to $90,000 range. The price is swinging between $85,000 and $88,000, showing a push and pull between buyers and sellers. Failure to make a higher high has heightened concerns about continued weakness without a decisive breakout. Moving averages are maintaining a bearish stance, with all key levels from the EMA(20) at $90,374 to the SMA(50) at $96,459 indicating selling pressure. A break above $90,000 could lead to an upside breakout while failure to hold above $88,000 could lead to a retest of $81,000.
1 Bitcoin retracement to $86,643 due to High volatility before the upward rebound. Strong rebound after the announcement, as investors In the reassessment of Bitcoin and cryptocurrencies amid Political changes. 11 bullish forecasts if momentum continues the positive and clarity of the US regulatory stance.
Bitcoin is in very good areas at $87,656 There may be a very slight correction at the area of $86,521 In the worst case, the drop will be at the area of $82,235 I think we will see a rise to the area of $93,725 today
And then we will continue to rise to the area of $99,580 Question:
Will we see Bitcoin reach the area of $103,530 today?
1_ Do not follow the green indicator and buy at the peak. 2_ Buy in strong support areas or lower. 3_ Set a plan for taking profits and stick to it. 4_ Do not let emotions affect your trading behavior. 5_ Stay away from trading on futures contracts; it is a trap. 6_ Risk management in trading is essential. 7_ Do not trade all of your capital.
Currency $LTC Purchase deal at the area of $105 And stop loss at the area of $103
The targets in yellow and you can sell in parts: Target 1: $119 Target 2: $127 Target 3: $134 Target 4: $140 Note: Do not enter with your entire capital. Please share your comment and like