Bitcoin Analysis (Daily Time Frame)
As mentioned last week, Bitcoin remains in a range, and we must observe what changes it will experience as the new year begins.
- Primary Scenario: Bitcoin is expected to find support in the $92,572 to $90,548 range and potentially move back toward its peak near $108,000.
- Alternative Scenario: Given the formation of a lower high in recent days, if Bitcoin breaks below the $90,548 support level, the next target will be $85,186.
Bitcoin Analysis (4-Hour Time Frame)
- Primary Scenario: If Bitcoin breaks through the resistance at $97,507, it could target $99,973, followed by $105,369.
- Alternative Scenario: If Bitcoin breaks below the $93,523 support, it will likely test $92,572, and upon further decline, $90,548 will come into play.
Bitcoin Analysis (15-Minute Time Frame)
- Primary Scenario: If Bitcoin surpasses the $95,730 resistance, the next target will be $97,507.
- Alternative Scenario: If the primary scenario does not occur and Bitcoin breaks and stabilizes below $94,806, the next support levels will be $93,523 and $92,572.