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today bitcoin playing bearish signal in market due to many trader just close long position that’s why bitcoin perform bearish signal in market. Here is shorts term as expected as the price of bitcoin is now forming a new pattern that we need to pay attention that while massive bitcoin wales are currently closing huge long position are closing long position. taking look on monthly chart are large time frame we are technically still within larger bull market as we can see but with that being says we are starting lose some bullish momentum just in the short term but this is very normal to see even during bull run because as we saw around one year ago because we saw that can fast of all the round October going to the November and then right at the start of December we are in a bull run the large polish movie in the price of Bitcoin during the dad wolverine did not take bit of break for free around a monthly also of mostly just side by section chopping around sideways as we did lose momentum here in the weekly Bitcoin macd
Right now we saw choppy price of action technically looking four hr candle we are in bearish direction
bitcoin support and resistance level
first of all we looking shorts term resistance level of bitcoin at 97.5k$ and its line of supports is in between 94.5$ k or 94k$ if bitcoin price pump and breakout its resistance level 97.5k$ then btc finally going to its all time high 99.7k$ if bitcoin dump and its going to $94k then its next price targets $88k
today bitcoin volume
rank on number 1 position and its market cap is $1.92T and fully diluted market cap $2.03T
e information provided is for general informational purposes only and should not be considered as financial advice. Investing in Bitcoin (BTC) or any other cryptocurrency carries significant risks, including market volatility and potential losses. You should not make investment decisions based solely on this information. It’s essential to do your own research, consider your financial situation, and consult with a financial advisor before making any investment decisions.”