Kamal Sadati
@kamal1987
4919 Following
2745 Followers
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By examining the liquidity heatmaps and hourly Kline data, we see that Bitcoin is fluctuating in a price corridor.
Turning point: The price is fluctuating in the range of $98,000 to $102,000 and this range is recognized as an important turning point.
Support and Resistance:
Support Levels: $98,500 - $97,000
Resistance Levels: $100,500 - $102,000
Volume Volatility: In recent days, Bitcoin’s trading volume volatility has increased, which is a sign of uncertainty in the market.
Forecast and Targets:
Considering the price patterns, Fibonacci levels, and volume fluctuations, the following scenarios are likely to occur:
1. Bullish Scenario: If Bitcoin manages to break the $100,500 resistance, it will likely move towards $102,000 and even higher.
12-hour target: $101,000
24-hour target: $102,000
2. Bearish scenario: If Bitcoin fails to break through the $100,500 resistance and falls below $98,500, it will likely move towards lower support levels.
12-hour target: $98,000
24-hour target: $97,000 0 reply
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