In the 4-hour Bitcoin chart (BTC/USDT), we can see that after a sharp drop from the $118,000 region, the market has entered a corrective phase and is now approaching the resistance zone between $107,000 and $108,000. This area, highlighted in pink, has previously acted as a strong resistance level multiple times. It’s expected that as the price reaches this zone, selling pressure will likely increase, potentially forming a lower high and triggering another bearish correction.
If the bearish scenario plays out, the first target for Bitcoin lies around $98,000, which aligns with the mid-term ascending trendline.
Should this support zone break, the next key level would be around $95,000 to $96,000, which may serve as a temporary support.
However, if selling momentum intensifies, the price could drop further toward the $91,000 region — the main demand zone highlighted in green. Overall, as long as Bitcoin remains below the $108,000 resistance level, the market bias is considered bearish, and only a clear breakout above this area would signal a potential return of bullish momentum.
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