1-hour timeframe.
2025-01-07
Category: None

1. Support Zone (Lower purple region): A price level near $97,000 where Bitcoin has shown buying interest, potentially acting as a strong support level.


2. Resistance Zone / Target (Upper purple region): A potential price target around $102,000, which the chart indicates could be the next area of interest if the price recovers.


3. Current Price Action: Bitcoin is trading at $97,953.42, with a sharp drop of -4.19%.



The arrow indicates an expected move upward toward the $102,000 resistance zone. This projection assumes the support at $97,000 holds, but traders should monitor volume and price action closely for confirmation.