$BTC USDT/BTC
🔮 Movement predictions for this week
It is likely that we will witness a continuation of a volatile environment with a tendency to test lower price levels:
The base scenario (volatility followed by a test of support):
The price is expected to struggle to surpass the nearby resistance (around $92,750). It may retreat to test significant psychological and technical support levels between $88,000 and $86,500.
The resilience of the $86,500 level will be crucial to initiate a bullish rebound towards the middle of the range.
The bullish scenario (reversal):
To shift to a strong upward trend, the price must break and settle above the long-term moving averages (such as MA(25) and MA(99) which are above $102,000). Any rise before that will be considered a correction within a downward trend.
The bearish scenario (sharp):
If the support level at $86,500 is firmly broken, selling may accelerate, pushing the price towards deeper support areas that could reach $82,000.
