Is BTC calm before the storm?

Bitcoin is still in a balance between buyers and sellers, which leads to uncertainty about future price movements.

The market showed slight fluctuations, which requires increasing trading activity to determine its next directional steps.

Technical analysis

by Shayan

Daily chart

Bitcoin suffers from insufficient trading activity in both immediate and permanent markets, which leads to a period of side procedures for prices with very low fluctuations. This recession, along with the RSI index, which hovers around the score of 50, clearly indicates a balance between buyers and sellers, with uncertainty as the morale of the dominant market.

In order for BTC to create a clear directional direction, it is necessary to increase the volume of trading and increase the demand or supply. However, given the multiple main support levels, it is possible that the price will find a strong foot around the threshold of $ 90,000, which may lead to a noticeable increase towards the mark of $ 108,000.

The graph for 4 hours

In the time frame for 4 hours, a strong support zone appeared within the fair value gap from 92.5 thousand dollars to 94.3 thousand dollars, which prevented the price repeatedly from declining. This area appears to be full of demand, which effectively stops sellers’ attempts.

In addition, this main level coincides with the lower boundaries of the long emerging oak and the short -term trend line, which enhances its importance as a critical defense zone for buyers. As a result, BTC is expected to face an increased purchase at this level, with a potential increase towards the upper limits of science at 98 thousand dollars, with a threshold of 108 thousand dollars as the next goal.

Series analysis

by Shayan

While the work of bitcoin lacks clear directional signals, the deeper research in the basic market dynamics is necessary. The analysis of the facts of the futures market can provide valuable visions in the current situation.

This scheme shows the BTC’s open benefits, which measures the total number of permanent future futures open on the central stock exchanges. Despite the recent price fluctuations of Bitcoin and its frequency, the open interest is heading up. This increase indicates that more activity flows to permanent markets.

If this trend continues, the market is likely to test a large outbreak in the middle of the period. However, the direction of this step remains uncertain, as additional data is required to make an accurate prediction.