Bitcoin (BTC/USD) Technical Forecast

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Bitcoin (BTC/USD) Technical ForecastBitcoin / US DollarCOINBASE:BTCUSDthinkbeforetrade🧭 Market Snapshot: Bitcoin is showing signs of short-term weakness with price hovering around $102,800. The daily candle is forming an inside bar, suggesting indecision — typically a setup for a larger move ahead. 🔮 Forecast: 📅 1-Day Outlook: BTC is expected to remain in a narrow consolidation range between $102,200 and $104,000. A breakout from this inside candle could push price toward $105K, but risk remains skewed slightly lower if support fails. 📅 1-Week Outlook: With daily and 4H RSI trending under 45 and price below key EMAs, downside risk builds. If $100K fails, BTC may test the $98.5K zone, potentially down to EMA 144 near $96.5K. 📅 1-Month Outlook: If BTC can base between $96.5K–$106K and reclaim the $105K resistance cluster, momentum may shift bullish. Until then, price action is likely to remain choppy and rangebound. ⚠️ Key Technicals: Support Zones: $102,600 (EMA 55), $99,950 (EMA 89), $96,648 (EMA 144) Resistance Zones: $105,000–106,000 (EMA 21/34 cluster) Momentum: RSI < 50 across all timeframes → no bullish momentum yet Volatility: Moderate, with ATR (14) = 2795 📌 Conclusion: The bulls need a clear reclaim above $105K to regain control. Until then, expect range trading and possible tests toward $98K–$96K. Stay nimble, watch RSI and EMA reactions closely.