Bitcoin News

Story: Bitcoin Price Prediction: What’s Next for BTC This Week

By Pankaj K

1 / 15

Bearish Trend with Potential for a Rebound. On the technical front, Bitcoin's 4-hour chart indicates a bearish swing structure.

2 / 15

Liquidity and Support Levels to Watch. The liquidity heatmap paints an interesting picture for the next price movement.

3 / 15

Low Volume Supports Short-Term Dip. One of the key factors contributing to Bitcoin's current price action is its relatively low…

4 / 15

Key Resistance and Rebound Potential. Bitcoin's price has encountered stiff resistance at the $98K-$99K zone in recent weeks.

5 / 15

What’s Next for Bitcoin?. This week’s price action suggests a possible minor dip toward the $95.

6 / 15

Bitcoin (BTC) has shown reduced volatility and trading volume over the past ten days, following a retest of the $92K level in early February.

7 / 15

On the technical front, Bitcoin's 4-hour chart indicates a bearish swing structure. The price action suggests that a minor dip to the $95.

8 / 15

At the time of writing, Bitcoin was approaching the lower end of its current range. The 0.25 level in this range typically acts as a weak support or resistance, with stronger…

9 / 15

The liquidity heatmap paints an interesting picture for the next price movement. The $94K area has been highlighted as a strong magnet for potential price action, with…

10 / 15

Bitcoin’s price is currently facing resistance around the $98K-$99K zone, where it has struggled to break through in recent weeks.

11 / 15

One of the key factors contributing to Bitcoin's current price action is its relatively low trading volume over the past several days.

12 / 15

The weak volume behind the recent downward price movement suggests that the dip could halt at the $95K-$95.5K level, with the $94K region being a critical support area.

13 / 15

Bitcoin's price has encountered stiff resistance at the $98K-$99K zone in recent weeks. While the short-term outlook appears slightly bearish, there is room for a rebound if the…

14 / 15

This scenario is supported by the 1-week liquidation heatmap, which shows that both the $94K and $99K levels are crucial liquidity zones.

15 / 15

This week’s price action suggests a possible minor dip toward the $95.2K level, driven by weak volume and a bearish short-term outlook.

The Currency Analytics

Want the full story?