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$BTC Bitcoin's next move is looking bearish in the short term. The 4-hour RSI has dropped below neutral 50, indicating a shift in momentum, and the swing market structure on this timeframe is bearish.¹
The price is expected to visit the $95.2k level, which is the closest area of significant liquidation levels, rather than the $97.8k level. This minor dip lower could pave the way for a move to $94k and a rebound.
*Key Support and Resistance Levels:*
- _Support Level:_ $94,381
- _Resistance Level:_ $99,449
- _Next Resistance Levels:_ $103,491 and $106,202²
In the long term, Bitcoin's price is predicted to reach $221,485 by the end of 2025, representing a 130.31% increase from the current price.
The price is expected to visit the $95.2k level, which is the closest area of significant liquidation levels, rather than the $97.8k level. This minor dip lower could pave the way for a move to $94k and a rebound.
*Key Support and Resistance Levels:*
- _Support Level:_ $94,381
- _Resistance Level:_ $99,449
- _Next Resistance Levels:_ $103,491 and $106,202²
In the long term, Bitcoin's price is predicted to reach $221,485 by the end of 2025, representing a 130.31% increase from the current price.
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💰 Bitcoin has become the 6th largest monetary asset globally.
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