Bitcoin Analysis (Daily Time Frame)
Bitcoin Technical Analysis (Daily Timeframe)
In the past week, Bitcoin spent its trading days in a range. Despite a temporary pump triggered by Donald Trump’s speech regarding the Crypto Strategic Fund, Bitcoin failed to reclaim the $99,500 zone. As predicted, it reversed downward from the $95,000 area. It remains to be seen whether this reversal marks the completion of the pullback and the continuation of the downtrend.
Main Scenario (Higher Probability): Considering the loss of Bitcoin’s multi-month range floor and the completion of the pullback to the lost support, Bitcoin is expected to move towards the $78,200 zone. After breaking this level, it is anticipated to head toward the critical range of $75,700 to $73,600 and potentially reverse upward from these levels.
Alternative Scenario (Lower Probability): If Bitcoin manages to rebound from the current levels and reclaim the $95,300 resistance, it could suggest that the correction has ended, and further upward movement may follow.
Bitcoin Analysis (4-Hour Time Frame)
Main Scenario: If Bitcoin stabilizes below the $84,700 support zone, the first target will be the $78,300 zone, followed by movement toward the $75,700 to $73,600 range.
Alternative Scenario: If the above scenario does not materialize and Bitcoin breaks above the $92,800 resistance, it could advance towards the $99,500 zone.
Bitcoin Analysis (15-Minute Time Frame)
Main Scenario: Given the preceding bearish leg, Bitcoin is expected to break below the $85,600 support zone and move toward the $84,700 level and potentially lower.
Alternative Scenario: If buyer pressure leads to an upward movement and Bitcoin surpasses the $86,500 resistance, the next target will be the $89,000 zone.