Bitcoin is still linked to the extent to the low volatility-the analyst explains the price procedures
Bitcoin has witnessed a frustrating business in recent weeks, leaving investors to run their patience over its short -term direction. The price was testing the decisive supply levels between 98 thousand dollars and 100 thousand dollars, and struggling to separate with uncertainty dominating the market. The lack of a clear step led to speculation about whether BTC is preparing to penetrate or correct another.
In addition to uncertainty, the market was exposed to negative news on Friday when Crypto Exchange bybit was hacked, which led to the theft of $ 1.4 billion in ETH. The accident caused fear and volatility, and withdrawing prices for a short period. However, Bybit responded quickly to reassure investors, reduce some initial panic and stabilize the market.
Nevertheless, Bitcoin continues to merge in a narrow range. Crypto Daan expert shared an X analysis, noting that BTC still ranges while the fluctuation is steady. With the increase in price pressure, traders are at the maximum alert for a possible explosive movement. Historically, these narrow ranges often precede the main fluctuations in the main price, but the trend is still uncertain. With the highest Bitcoin contract than the main demand levels, the next step can determine whether BTC is pushing for new levels or facing another decline.
Bitcoin enhances the key levels
Bitcoin has struggled without a sign of $ 100,000 since late January, as Bulls has not been able to confirm the recovery gathering despite multiple attempts. Meanwhile, the bears also failed to push BTC to less than the main demand levels, while maintaining the price above 90 thousand dollars. This continuous battle between supply and demand created an unconfirmed outlook in the short term in the short term, leaving the market waiting for a catalyst to determine the next step.
The lack of a clear direction to Bitcoin led to a long standard. Investors are still optimistic about the high returns in the coming months, but the short -term procedures indicate the frequency. BTC continues to trade within a narrow range, which reflects the frequency between merchants. Analysts argue that the main step is inevitable, but whether it will be the outbreak or collapse is still not certain.
Dan analysis It explains the price procedure in the short term, which reveals that the BTC range still ranges. Meanwhile, the fluctuation is directed to a decrease as the price increases pressure. Even during the drama on Friday, when news by BYBIT Hack News sent shock waves during the market, BTC is still closed in the same price area where it was during the past two weeks. This highlights the maximum monotheism, as the price procedure failed to confirm the collapse or collapse.
The more this pressure continues, the more the penetration is. If BTC has regained a brand of $ 100,000, a strong gathering can push it to new levels. However, if the price decreases to less than the main demand levels about 94 thousand dollars, BTC can enter into a deeper correction, and test the 90,000 demand zone. The coming days will be decisive, as the pressure of bitcoin volatility indicates an imminent and aggressive step.
The bulls are struggling to recover 100 thousand dollars
Bitcoin is trading at a price of $ 96,300 after the volatile Friday, as PRICE ACTION witnessed a sharp rally to $ 99,500 before declining to 94,800 dollars after BYBIT HACK news. The sudden decrease sparked fear in the market, but BTC is recovering quickly, indicating flexibility amid uncertainty. Now, the bulls must stick to a level of $ 95,000 throughout the weekend to keep momentum and prevent further declines.
In order to confirm BTC, the bullish collapse, you must pay above the level of $ 98,000 and restore the short -term control. This would pave the way for another attempt to break the critical resistance of $ 100,000. However, the failure to keep more than 95 thousand dollars may lead to low levels of low demand, with the following main support ranges between 91 thousand dollars and 94 thousand dollars.
Market morale is still divided, as the narrow range of Bitcoin and its low fluctuation indicate an imminent step in either direction. If BTC continues to combine between 94 thousand dollars and 100 thousand dollars, traders will be monitored for accumulation or distribution marks. Next week it will be very important in determining the Bitcoin path in the short term. Whether BTC is broken over the resistance or falls in deeper support, it will determine the tone of the coming weeks, as investors expect a decisive step amid constant uncertainty in the market.
Distinctive image from Dall-E, the tradingView graph
