Right now, Bitcoin is showing signs of cooling off after a solid run-up over the past few weeks. Looking at the chart, it seems like BTC is struggling to break through that descending trendline—it’s been rejected there more than once, and now it's likely heading lower in the short term.
Here’s what seems most likely: price pulls back toward the $99,000 support zone (highlighted in purple on the chart). That area has acted as a solid floor before, so it wouldn’t be surprising to see buyers step in again.
After that? If support holds and we see some momentum return, BTC could start climbing again. the chart suggests a potential breakout to the upside, maybe even pushing toward a new all-time high (ATH) above $114,000.
In simple terms: expect a short-term dip, but keep an eye out for a strong bounce—this could just be a healthy pullback before the next big leg up.
for summary:
Here’s what seems most likely: price pulls back toward the $99,000 support zone (highlighted in purple on the chart). That area has acted as a solid floor before, so it wouldn’t be surprising to see buyers step in again.
After that? If support holds and we see some momentum return, BTC could start climbing again. the chart suggests a potential breakout to the upside, maybe even pushing toward a new all-time high (ATH) above $114,000.
In simple terms: expect a short-term dip, but keep an eye out for a strong bounce—this could just be a healthy pullback before the next big leg up.
for summary:
- Short-term dip likely, targeting ~$99K
- Strong support there—watch for a bounce
- If it holds, BTC might push toward new highs
👉 My recommended broker: bit.ly/HYMCMELI
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.