Bitcoin price is meeting expectations! Here are the possible price targets for the upcoming period.

Cryptocurrency News– When we look at the Bitcoin price indicator, we see that the Super Trend indicator is still sitting in the red zone. Obviously, no changes have been recorded in this graph in the last day. Let's take a quick look at the weekly Bitcoin chart. Technically speaking, there's a big downward trend to watch out for in the runaway timeframe. In the weekly MACD indicator, as we have been focusing on for a long time, a bullish trend is starting to form. Still, we need a few more weeks for this upward trend to really confirm. But while we haven't confirmed a bullish trend yet, we can say that we're getting closer to it. We are moving in the direction of getting rid of all this bearish momentum that we have seen in the last few months. Therefore, we see this as the case on the weekly Bitcoin price chart, at least for now.

What Direction Do Short-Term Price Indicators Point To?

When we look at the 3-day Bitcoin price indicators, after breaking through the major resistance in the range of 86 thousand dollars to 88 thousand dollars, we moved towards the next upward resistance range. This level is positioned at around 96 thousand dollars. Therefore, the resistance range we still need to pay significant attention to is at 96 thousand dollars. In the event of any downward movement, we can expect the range of 86 thousand dollars to 88 thousand dollars to act as support.

When we examine the Bitcoin price indicators on the daily timeframe, we see that the bullish divergence is active. However, in the Daily Bitcoin RSI, we are moving away from overbought zones. If you've been following our content for the past few weeks, we've already mentioned that such a squeeze is coming soon. So we can expect some cooling and slowing down in these areas to help reset the RSI indicator. In short, the prospects are progressing perfectly so far and we do not encounter any surprises. In addition to the resistance area at $96,000 on the Bitcoin volume indicator, there is also a gold resistance pocket area at $95,000 on the daily indicators. So don't be surprised if we continue to struggle around this resistance area in the short term.

Bitcoin price is obviously moving within expectations, but in the event of a pullback, we could see $90K to $91K. If we see an upward price movement at the end of all these pullbacks, we may gain momentum with the breakout of the resistance at $96K. Above this level, we may face a minor resistance at $98K and more resistance around $101K. But when we break through these levels, we can aim for all-time highs.

Focusing on the shorter-term 4-hour chart, we see that the short-term bearish trend is influencing the price of Bitcoin. That is why we encounter one of the most common consequences of bearish price deviations. We see a slight pullback from choppy sideways price movements or bearish deviations, which are among the most common outcomes.

We also take into account the fact that the RSI on the 4-hour Bitcoin price chart is still bearish, forming lower highs and lower lows. This shows us that the bearish trend on the 4-hour time frame continues to affect the price of Bitcoin in the short term. So, in the short term, we will continue to see a reflection of the price movements we have seen over the past few days as the most likely scenario. In addition, based on the MACD indicator on the weekly timeframe, we are still in the process of recovering from the correction. To sum it up, we expect the price of Bitcoin to continue to struggle for the next few days.

When we take a look at the Bitcoin liquidation heat chart, we confirm that $96K is of great importance. We also observe that there is a lot of liquidity around $96K. Although the liquidation chart does not give any guarantees, it says that we will reach 96 thousand dollars in approximately 1 week. Once again, we expect the price of Bitcoin to have a major challenge in this range. However, considering the greater momentum overall, we are closer to a bullish market than a bear market. As the price of Bitcoin is positioned on the verge of a major reversal, new presale projects are starting to become the center of attention of investors. Later in this content, we will evaluate the SUBBD presale token, which offers great potential to users.

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The SUBBD token is currently in the pre-sale stage and has raised over 300 thousand dollars. 1 SUBBD token is being sold at 0.055325 dollars until the next price increase occurs. If you want to be part of this unique project that brings artificial intelligence technology to the Web3 future, you can follow the steps listed on the official website.

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The information contained in the article is for informational purposes only. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investment is based on many foundations such as knowledge, experience, research, and personal decisions.

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