Bitcoin Chart Forecast
The daily chart was in a dramatic arc, following the decline from around $111,603 to a devastating low of about $80,537, only to bounce back with vengeance to the $94,000 mark.
The chain of bullish engulfing candles and a series of higher lows depict a classic accumulation pattern.
If Bitcoin bulls can break the psychological barrier at $95,000 with corresponding volume, it might confirm the next act of this trend.
Until then, any slowdown below this line may just be the market saying, 'Not so fast.'
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On the 4-hour chart, the price formed a V-shaped recovery from $83,814 to $94,172 before leveling off in a sideways shuffle.
Support in the $90,000–$91,000 area has proven solid during recent dips, but resistance at $94,200 remains a strict gatekeeper.
The recent drop in volume may signal either a bullish continuation (a bullish flag may activate) or a setup for distribution — because, of course, nothing happens in crypto without an exciting finale.
A breakout above $94,200 with strong volume could hint at another step forward; if it fails, we are likely in for a concluding pullback.
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On the 1-hour chart, Bitcoin seems to be catching its breath, stuck in a range between $91,500 and $94,000.
The whisper of the forming descending triangle is not particularly bullish poetry. Volume spikes at the upper range show little resistance, making any bounce from $91,500 an enticing short-term opportunity — if confirmed by a strong bullish candle.
But if Bitcoin drops below this line, the short-term setup may quickly shift from optimistic to pessimistic.
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Bulls' verdict:
If Bitcoin can confidently hold above the support zone of $90,000 and finally break the resistance in the range of $94,200–$95,000 with convincing volume, the path will open for reclaiming lost territory.
The short-term momentum leans toward the bulls, and despite mixed signals from higher time frames, the lower charts hint that buyers have not yet left the market.
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Bears' verdict:
If Bitcoin fails to conquer the ceiling of $94,000–$95,000 and instead drops below $90,000, the recent recovery risks becoming yet another ineffective bounce.
With longer-term moving averages pulling the sentiment down and falling volume, bears may be sharpening their claws for another showdown.
