Bitcoin Price Prediction for This Week – Examining BTC’s Next Move
Bitcoin Price Predictions for This Week – Examining BTC’s Next Move
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- Bitcoin’s H4 swing structure indicates bearish trend.
- A move below the local support level could precede a rally towards $99,000.
Bitcoin (BTC) has experienced reduced trading volume and volatility over the past ten days after retesting $92,000 in early February. This lack of momentum may create confusion for swing traders.
The technical indicators suggest that while this week may not produce a significant movement, there are still some trading opportunities available.
The current price action and liquidation heatmap imply that a move to $94,000 might be imminent.
Bitcoin has managed to hold onto the $95,500 support level; however…
Source: BTC/USDT TradingView p >
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As of now, Bitcoin has reached the 0.25 mark within its range. The 25% and 75% levels within this range generally act as resistance or support zones but lack the strength of the mid-range level. p >
The analysis from the 4-hour RSI shows it has dipped below the neutral mark of 50, suggesting a shift in momentum. Over the past two weeks, market structure reveals bearish trends with $98,000-$99,999 acting as strong resistance zones. p >
Due to decreased trading volume recently observed over several days, there hasn’t been much movement in OBV (On-Balance Volume). This weak volume is contributing to recent downward price trends; therefore it is anticipated that prices could settle around $95,000-$95,500. p >
Source: Coinglass.
On the weekly liquidation heatmap analysis indicates that $94,000 serves as a magnet zone while local highs at around $99k also correspond with notable liquidity pockets above.
A brief period of bear momentum may drive BTC towards approximately .
Source: Coinglass.
This outlook is further substantiated by examining short-term charts.It seems more likely for prices to near about .
A minor dip could create an opportunity aiming toward recapturing areas near about * Share *
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