Bitcoin Price Prediction by AI, December 18, 2024

🚀 Bitcoin Price Prediction with AI and: Key levels to watch for current range trading 📊

Current Overview: Bitcoin Futures (December Contract)

Bitcoin futures are currently consolidating within a well-defined range as buyers struggle to gain control, while sellers maintain some dominance. Price remains limited at major resistance while testing critical support levels, creating a market connected to a range with a slight bearish tilt.

📉 Prediction summary:

Score: -3 (Slightly Bearish with Neutral Momentum)

🔑 Key levels to watch

1. Resistance Levels (Maximum Range):

   • $105,440: Initial resistance that has limited upward movements again.
   • $105,850: The first VWAP normal trend high today, acting as a major trigger.

2. Support levels (lower range):

   • $103,325: Present Value Range Low (VAL).
   • $102,500: Important support aligning with historical Value Area Highs (VAH) from 3 and 5 days ago.

3. Deeper Downside Targets:

   • $101,400: Previous VWAP confluence.
   • $100,890: Low Naked Value Area, which could pull price if support breaks.
   • Measurement trend projection targets $94,950 if the current field definitely fails.

🕵️ Updated key ideas

1. Early signs of buyer activity (20:00):
   Buyers showed some movement initially, but volumes were balanced, indicating that there was no definite push higher.

2. Sellers take control near Resistance (23:00):
   Sellers began to dominate near key resistance levels, as buyers failed to follow through.

3. Stronger sales pressure develops (08:00):
   Sellers maintained control with a distinctly bearish trend, pushing the price down.

4. Momentum Stallions (12:00):
   Quantities balanced out, indicating uncertainty. Customers made a small improvement, but there was no conviction.

📈 Bullish Scenario: Signs to Watch

For Bitcoin to break out to the upside:

1. Price must be recalled $105,440 and keep it up $105,850.
2. Look for:
   • Increasing Delta positive change and stronger Delta SL values.
   • Rising purchase volumes indicate buyer strength.
3. Target if a bullish trend picks up: $107,860 and higher.

📉 Bearish Position: Key conditions

If Bitcoin breaks support:

1. Failed to hold above $103,325 he could open the door for testing $102,500.
2. Further breaks could be aimed at:
   • $101,400 (VWAP confluence).
   • $100,890 (VAL appeared).
3. A measured trend projection suggests near-downside targets $94,950 if sellers accelerate

⚠️ Bitcoin is bound by a range with a slight Bearish bias

Bitcoin futures remain range-bound, with a slight bearish bias due to continued selling pressure and weak buyer momentum. Traders and investors should keep an eye out primary grades and volume stats for direction indicators.

🔍 Remember:

• Trade wisely and manage risk carefully.
• Always confirm trends before entering a trade.
• Stay patient and flexible – breakouts and breakdowns are possible from this area.

🚨 Disclaimer: Trade at your own risk. This analysis is for informational purposes only and is not financial advice. 📉📈

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