Bitcoin Analysis (Daily Time Frame)
In the past week, Bitcoin experienced a moderate correction after reaching the $104,000 level, dropping to around $90,500. However, it quickly recovered the same day and has since returned to the $100,300 range.
Main Scenario: Bitcoin seems to remain in its upward trend and could spend some time in a period of consolidation (i.e., within a price range), preparing for its next bullish move.
Alternative Scenario: If Bitcoin closes below the $90,500 level, the price could experience further correction and may move towards the $85,000 level.
Bitcoin Analysis (4-Hour Time Frame)
After breaking the trendline, Bitcoin is currently stabilizing above this zone. After breaking the $104,000 resistance, the price could experience the $109,000 to $113,000 range.
Bitcoin Analysis (15-Minute Time Frame)
In the 15-minute time frame, Bitcoin is at the top of its trading range. If this zone, around $100,445, is broken, the price could next reach the $101,873 and $104,000 levels again. However, if it fails to break the current range, it could move towards $98,677. If that level is broken, the $95,357 zone will be the next support for Bitcoin.