By analyzing the Bitcoin chart on the 12-hour timeframe, we can see that Bitcoin has faced a strong correction over the past few days — dropping nearly 15% from $116,400 to $98,940 in less than eight days.
After sweeping liquidity below $102,000, buying pressure returned, and BTC is now trading around $102,400.
If price manages to break and hold above $104,700, we could see a rebound toward $110K+. Otherwise, Bitcoin may continue its decline toward $95,000.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
After sweeping liquidity below $102,000, buying pressure returned, and BTC is now trading around $102,400.
If price manages to break and hold above $104,700, we could see a rebound toward $110K+. Otherwise, Bitcoin may continue its decline toward $95,000.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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⚜️ Free TG Channel : t.me/PriceAction_ICT
⚜️ Contact for VIP : t.me/ArmanShabanTrading
🎉 The Best Crypto Exchange (LBank) : bit.ly/4oNB5yr
✅ Top Broker (OpoFinance) – Trade directly on TradingView 👉 bit.ly/4nw4Dzz
⚜️ Contact for VIP : t.me/ArmanShabanTrading
🎉 The Best Crypto Exchange (LBank) : bit.ly/4oNB5yr
✅ Top Broker (OpoFinance) – Trade directly on TradingView 👉 bit.ly/4nw4Dzz
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.