The weekend has begun with a drop in Bitcoin prices. We will look into current market trends and potential scenarios for further movement.
Overall Trends in the Cryptocurrency Market
The current situation in the cryptocurrency market shows initial struggles in maintaining growth. Bulls have not managed to keep the market in the green zone at the weekend's start.
Bitcoin Price Analysis
The price of Bitcoin (BTC) has dropped by almost 2% over the past day, standing at $103,940 at the time of publication. The hourly chart shows a bullish trend, and if local resistance is broken, growth may continue towards the $105,000 area. However, the long-term outlook appears less clear, as trading volumes remain low.
Future Prospects and Predictions
From a medium-term perspective, the price is heading towards the support level of $100,764. If bulls fail to hold this mark, further testing of the $98,000-$100,000 range may occur. The market is anticipating developments in the coming days.
The current situation in Bitcoin's market highlights the uncertainty surrounding bullish and bearish trends. Monitoring support and resistance levels will be crucial for future analysis.
