Bitcoin price forecasting with AI

As Bitcoin continues to dominate the digital currency market, traders and investors are constantly looking for insight into its price movements. Advanced leverage AI-based analyticswe aim to provide a clearer picture of Bitcoin's current market dynamics and potential price trajectory. Our AI-driven analysis praise a moderate bearish outlookwith a score of -5

Thank you, bear! 🐻📉

Word on the street is that the $90,170 big money players are looking like hungry sharks circling an injured tuna.

TL; DR: $90,170 is where the bulls play. Don't get caught on the wrong side of the trade, or you'll be swimming with the fishes, so consider taking part of the profits if it gets close to that, and if you're scrambling. 🐠💀

Bitcoin Futures Current Market Snapshot, 11:16 AM, Monday, December 23, 2024, Eastern Time (ET)

Bitcoin trading is currently imminent $93kafter rejection at the VWAP (Volume Weighted Average Price) at apx. $94,750. The price has slipped below critical levels, including the first standard deviation lower of the VWAP, indicating increased selling pressure. This development focuses on whether Bitcoin can move back up or continue to decline to lower support levels.

Key levels to watch for the future of Bitcoin

1. Resistance Levels:

   • VWAP and $94,750: A major hurdle that Bitcoin must overcome for any bullish trend to take hold.
   • $96,415: The first major resistance above the VWAP, aligning with historical liquidity zones.
   • $98,020: A psychological resistance level that traders can aim for during a strong rally.

2. Support levels:

   • $93,829: The low value area (VAL) from recent sessions, a key support area to watch for buyer interest.
   • $92,854: A deeper support level, representing the next essential line of defense for bulls if selling pressure continues.

3. Trend Indicators:

   • The cumulative delta remains negativeindicating steady sales pressure.
   • Recent volume data shows lower buying volume compared to selling volume, confirming bearish momentum.

Bitcoin price forecast powered by AI

. Key perspectives that will impact this forecast include:

• Steady downtrend: The price has consistently failed to stay above the VWAP, and sellers are controlling the order flow.
• Lack of Bullish Continuance: Although positive delta bars have appeared from time to time, the continuation has been weak, limiting the chances of recovery.
• Decline in size: A steady decrease in trading volume and buyer activity reduces the likelihood of a sharp upturn.

What to expect next for BTC

1. Bearish continuation: If Bitcoin fails to recover the VWAP at $94,965the price is likely to test the support area at $93,829with possible expansion $92,854.
2. Area of ​​Consolidation: Bitcoin could stabilize near current levels, creating a trading range between $93,800 and $95,000before deciding on his next managerial move.
3. Bullish scenario: Break above $94,965 and sustainable purchasing activity could concentrate $96,415 and higher, indicating a possible reversal.
4. For lower premium rates, check out our Technical analysis for Bitcoin during Christmas

For traders and investors

For short-term traders, the focus should be kept on the VWAP and cumulative delta trendsas these provide real-time insights into buyer-seller dynamics. Long-term investors, however, should monitor key support levels like $92,854which historically attracts a lot of interest in shopping, offers entry points.

While Bitcoin's recent price action presents a warning to bullish traders, it also presents opportunities for those willing to ride out the current downturn. Leveraging AI based viewstraders can better align their strategies with market conditions. Stay tuned for more updates as we continue to update ours Bitcoin exchange rate has increased against AI and providing actionable insights to the community.

Disclaimer: This article is for informational purposes only and not financial advice. Always do your research before trading or investing.