alptekinkekilli

In this analysis, I discussed possible retracement and rise scenarios based on Bitcoin's current price action. Fibonacci levels, trend lines, and possible price movements (ghost bars) are visualized on the chart. 1. Red Uptrend Line: • Represents the main uptrend that Bitcoin is currently following. • If this trend line holds, the price's upward momentum may continue. • If it is broken, deeper pullback scenarios may come into play. 2. Blue Ghost Bars (Below Scenario): • Represent possible retracement targets. • The first significant support level appears to be $87,123 (Fibo 0.382). If this level is broken, the price is likely to pull back to $80,575 (Fibo 0.5) and then to $74,021 (Fibo 0.618). • In case of a deeper pullback, the EMA 200 level ($55,470) may be tested. 3. Green Ghost Bars (Bull Scenario): • Represent target prices that Bitcoin could reach if it recovers. • The first resistance point stands out as $95,228 (Fibo 0.236). Breaking this level increases the potential for the price to move back to $108,330. • Long-term target: $130,000 and above. 4. Fibonacci Levels and EMA Convergence: • Fibonacci levels clearly show the support and resistance points of the price: o 0.618 ($74,021) is a critical support level. o EMA 20/50: Resistance areas for short-term movements. o EMA 100/200: Main support areas where long-term buyers can step in. • Vertical blue Fibonacci lines highlight the past reactions of the price at horizontal levels. Scenario Evaluation: Pullback Scenario: If the price cannot break the $95,228 (0.236) level, the possibility of a downward correction increases. The first support is $87,123 (0.382), below which the $80,575 and then $74,021 levels can be tested. Bullish Scenario: If the price breaks the $95,228 level with volume, the upward movement may accelerate. In this case, the price is likely to reach $108,330 in the short term and $130,000 in the long term. Risk and Things to Consider: Macroeconomic factors: Global regulations or market news can directly affect price movements. Lack of volume and momentum: The lack of sufficient buyers at the pullback levels can accelerate the decline. Note: This analysis is prepared based entirely on technical indicators and is Not Investment Advice (YTD). Always remember to do your own research! 😊