Bitcoin forecasting

This paper is not financial advice—do your own research!

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Bitcoin Faces Challenges in Breaking Through $100K

As we can see in the current chart, Bitcoin is struggling to break through the $100K price area, experiencing consolidation similar to what we saw in 2024. So, what is the projection for Bitcoin in the next week?

Bitcoin Price Prediction for the Next Week

We will start charting across different timeframes (W - H1).

W

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Bitcoin is consolidating after touching the Fibonacci 1.618 level. Based on this, we can predict a correction toward Fibonacci 1.

D

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On the daily timeframe, we observe multiple support and resistance levels formed over time. This allows us to take opportunities for long and short positions based on these support and resistance levels.

H4

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On the H4 timeframe, Bitcoin faced rejection after touching the Quasimodo pattern. This suggests a temporary price increase until it reaches the nearest resistance level.

H1

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On the H1 timeframe, we see price inefficiency in the area below the pink box, meaning the price may fill this area before continuing its upward movement toward the nearest resistance.

Conclution

Bitcoin's price movement remains uncertain as it struggles to break through the $100K level. With signs of consolidation and key support and resistance levels forming across different timeframes, traders should remain cautious and adapt to market conditions. Monitoring these technical patterns can provide valuable insights for potential trading opportunities. However, always remember that market conditions can change rapidly—conduct your own research and trade responsibly.