13.02.2025 13:21
Bitcoin is experiencing uncertainty at the critical moving average level of $96,000. The struggle between buyers and sellers will determine whether the price will surpass $100,000. Technical analyses and market sentiment indicate high volatility in the coming days. Here is the technical price analysis of Bitcoin...
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Bitcoin Technical Analysis
Daily Chart:
Bitcoin sellers are struggling to stay below the 100-day moving average at $96,000. Historically, this level is known as a strong support point where buyers tend to step in. If this support holds, it may be possible for demand to increase again and for the price to approach the significant resistance at $103,000.
However, downside risks still persist. If this support is broken, liquidations in the futures market could be triggered, and selling pressure may increase. For now, as no clear breakout has occurred, high volatility and sudden price fluctuations are expected in this range.
4-Hour Chart:
In the shorter time frame, the price of Bitcoin is trapped within a flag formation that continues the upward trend. The lower boundary of the formation is currently providing support, but the continuation of the upward trend cannot be confirmed without a strong breakout above the $100,000 resistance.
Although this formation gives positive signals, buying power is not yet strong enough. There are many support zones below the current price, which act as a buffer against potential declines. If buyers gain strength, the psychologically significant $100,000 level will be the next target.
Market Sentiment
Bitcoin's recent indecisive price movements have led investors to question why the upward trend could not be sustained. At this point, data from the futures market provides important clues.
In particular, the "Bitcoin taker buy-sell ratio," which indicates whether buyers or sellers are placing more aggressive market orders, is noteworthy. According to the data, the 14-day moving average of this ratio has risen again after a sharp decline. This change suggests that buyers are gaining strength and may soon take control in the futures market.
If this trend continues and the ratio exceeds the 1.0 level, it seems likely that a new wave of upward pressure will begin with increased buying pressure.
Note: No statement in this news article constitutes investment advice. Responsibility for trading transactions lies entirely with the investor.
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