Bitcoin Analysis (Daily Time Frame)
Brent crude oil started its trading week with a decline from the 72.620 area, moving down to 72.059, but ended the week higher at 73.068.
- Main Scenario: It is expected that Brent crude oil will continue to fluctuate within its range. However, if it breaks below the 71.129 support level, it can easily move towards the 69.079 area.
- Alternative Scenario: If it rebounds and breaks above the 74.739 resistance level and stabilizes above it, the first target will be 76.596.
Bitcoin Analysis (4-Hour Time Frame)
- Main Scenario: If Brent crude oil can stabilize above the 73.345 area, it can initially reach the 74.739 area.
- Alternative Scenario: If the above scenario does not occur, we should expect a break below the 72.059 support level and a move towards the 71.129 target.
Bitcoin Analysis (15-Minute Time Frame)
Given Brent crude oil’s approach to its dynamic resistance, if it breaks and stabilizes above it, the target will be 74.739. If it fails to break and stabilize above it, we will see a return towards lower support levels.
However, it should be noted that given the arrival of the last week of the calendar year, a range-bound market can also be expected.