Bitcoin Analysis (Daily Time Frame)
Bitcoin is attempting to align with U.S. stocks, even as markets anticipated a future rate cut of between 0.25% and 0.0%, ignoring new inflationary pressures from the U.S. Bitcoin’s price reached $63,400 late Friday but couldn’t maintain the momentum, dropping to $62,800. The next resistance is around $69,000, indicated by a trendline connecting lower highs from March and June. On the downside, key support is at the October 10 low of $58,890. A bullish breakout at $64,000/$65,000 is the point we are watching for, after which new highs and altcoin movements may occur.
If the price can stabilize above the 64000–65000 range, we expect an increase to 70,029 and 72,650. If it can break its historical high, we could see a price rise to the area of 88,000. In the case of liquidity hunting at the high and a drop, the price could fall to the 51,000 level.
Bitcoin Analysis (4-Hour Time Frame)
In the 4-hour time frame, Bitcoin is in a range. If the price can stabilize above 64,500, there’s potential for an increase to 69,000, where, if rejected, it could trigger sell positions upon confirmation.
Bitcoin Analysis (15-Minute Time Frame)
. In the 15-minute time frame, after breaking the last descending swings and stabilizing above them, bullish momentum has formed, expecting price increases to the 64,000 order block and liquidity hunting up to 65,000, followed by a price rejection and drop to the flip zone of 60,800. The green areas are valuable for Bitcoin buy trades.