- Bitcoin remains bullish on the H4 time frame, despite recent liquidity accumulation between $85,000 and $89,000
- On lower time frames, BTC is reacting to demand and supply zones, indicating potential volatility ahead
- The market’s next direction—toward $100k or a pullback—depends on key levels being tested in the coming sessions
Bitcoin’s price currently hovers around $96,500, continuing to spark interest as traders and investors debate its next move.
When we zoom out and analyze higher time frames like the H4, it’s clear that BTC remains in an uptrend, even after consolidating liquidity between the $85,000 and $89,000 range.
This shows the market’s resilience despite recent dips.
Breaking Down the Action: H1 and M15 Time Frames
On the H1 time frame, Bitcoin recently reacted to a demand zone marked days ago.
This bounce suggests buyers still have skin in the game. However, the big question is whether this reaction will push BTC toward the psychological $100k barrier or if we’re in for further corrections.
Drilling down into the M15 time frame, things take an interesting turn. The price has just reacted to a supply zone, indicating that sellers might temporarily regain control. This could lead Bitcoin to revisit lower levels to scoop up liquidity.
A short-term drop might be on the cards, at least until it tests another demand zone, which could play a crucial role in determining whether BTC’s next leg is upward or downward.
The Bigger Picture
Let’s keep it real: Bitcoin remains unpredictable. While the scenarios described provide plausible outcomes, no one can guarantee the next move. BTC could skyrocket to $100k, surprising everyone, or slide lower, fueled by a hunt for liquidity or market uncertainty.
Final Thoughts
As always, remember that this analysis is informational and not financial advice.
The crypto market is highly volatile, and Bitcoin, being the king of unpredictability, can defy even the most detailed projections. Stay cautious, and always make decisions based on your risk tolerance and goals. Let’s see what BTC has in store!
What’s your take? Are you bullish on Bitcoin hitting $100k soon, or do you expect a deeper correction?
