Bitcoin is ready to break the critical point! Here are the levels to be followed.

Crypto News – The Super trend indicator is still in the green zone on the Bitcoin chart, and is defined as a signal of a larger bull market. When we look at the weekly Bitcoin price chart, a likely bearish divergence is observed. If this outlook is further confirmed, there may be a lower high in the RSI indicator. However, considering all conditions, there seems to be more of an uptrend than a downtrend.

In the Bitcoin price chart, the range between 106,000 dollars and 107,000 dollars still represents a strong resistance zone. The Bitcoin price is currently testing the support range of 101,000 dollars to 103,000 dollars. This range used to serve as a strong resistance, but now the tables have turned. In the short term, if we see a break below these levels, we could drop to 98,000 dollars.

As we have mentioned before, the critical support level for the Bitcoin price is around $92,000. However, there are other levels to watch out for until it reaches this level. In short, the Bitcoin price is showing a sideways movement and it seems that we won't see much volatility in the next few days unless we come across any unusual news flow.

The information in the text is purely for informational purposes and does not constitute investment advice. The author and kriptoparahaber.com are not responsible for any profits or losses resulting from your investments. Ultimately, investment relies on various factors such as knowledge, experience, research, and personal decisions.

Related News