Bitcoin Analysis (Daily Time Frame)
As indicated in last week’s main scenario, Bitcoin experienced a significant rebound from the previously identified support levels, reaching approximately $99,000.
- Main Scenario: It is anticipated that Bitcoin will continue its upward movement towards the $99,944 range. If it breaks and consolidates above this level, it could target the $108,400 range.
- Alternative Scenario: If Bitcoin fails to surpass the $99,944 resistance, it may experience a decline towards the $91,548 range, followed by the $85,118 range.
Bitcoin Analysis (4-Hour Time Frame)
- Main Scenario: If Bitcoin breaks the $98,950 resistance, the initial target would be the $99,944 level. If this level is also breached, the subsequent targets would be $102,796 and $108,400.
- Alternative Scenario: If the primary scenario does not materialize, Bitcoin may undergo a correction towards the $96,160 support. If this level is broken, the next support would be at $92,896.
Bitcoin Analysis (15-Minute Time Frame)
- Main Scenario: Considering the break below the previous low at $98,072, it is expected that Bitcoin will move towards the $97,517 range. If this level is breached, the next target would be $96,475.
- Alternative Scenario: If Bitcoin reverses from the current level and reclaims the $98,072 range, it could move towards the $98,503 level.