Bitcoin Price Projection: $94,700
- Both daily and hourly charts indicate a possible downtrend.
- A 1 HR FVG sits between 98,754 and 98,916, which could act as resistance.
- Multiple bearish FVGs sit above the HR FVG, so I see a good amount of resistance in the near term.
- A big liquidity zone is under the last Lowest Low (96,256.75), which has yet to be swept.
- If 96,256.75 finds no support, we could be headed as low as 94,709.43. At that price point, a huge liquidity zone is filled and a small 1hr FVG is hit.
- A 1 HR FVG sits between 98,754 and 98,916, which could act as resistance.
- Multiple bearish FVGs sit above the HR FVG, so I see a good amount of resistance in the near term.
- A big liquidity zone is under the last Lowest Low (96,256.75), which has yet to be swept.
- If 96,256.75 finds no support, we could be headed as low as 94,709.43. At that price point, a huge liquidity zone is filled and a small 1hr FVG is hit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.