Bitcoin Analysis (Daily Time Frame)
Bitcoin remains in a range-bound phase…
As previously noted in past weeks, Bitcoin continues to fluctuate within a consolidation range without any strong directional movement. However, Bitcoin’s dominance has dropped by approximately 5% over the past two weeks, indicating an outflow of capital from its market cap. Therefore:
- Main Scenario (Higher Probability):
The consolidation is expected to continue, but given the declining market cap and the emergence of divergence in the chart, there is a higher likelihood of a breakout to the downside. If Bitcoin breaks and stabilizes below the $91,700 support level, it could move down at least to the $85,000 range. - Alternative Scenario (Lower Probability):
If Bitcoin rebounds from the current zone ($97,300) or even from the $91,700 support, its first target will be $106,550. If it successfully breaks and stabilizes above this level, Bitcoin could continue its rally toward new all-time highs.
Bitcoin Analysis (4-Hour Time Frame)
- Main Scenario:
Given the formation of a higher low, if Bitcoin stabilizes above the $98,500 resistance, its first target will be $102,500. If it breaks through this level, the next key target is $106,500. - Alternative Scenario:
If selling pressure is strong enough to break the $95,290 support, Bitcoin’s next downside target will be $91,580.
Bitcoin Analysis (15-Minute Time Frame)
- Main Scenario:
Since Bitcoin has broken below the $97,450 support and stabilized under it, it is expected that after breaking the $97,080 level, it will continue its decline toward $96,300. - Alternative Scenario:
If Bitcoin recaptures the $97,450 level and stabilizes above it, the first resistance will be $97,670. If this resistance is broken, Bitcoin could have a smoother path toward $98,879.