Bitcoin price prediction by AI

As Bitcoin continues to dominate the cryptocurrency market, traders and investors are constantly looking for insights into its price movements. Use the latest version AI-based analysisOur goal is to provide a clearer picture of the current market dynamics and potential price movement of Bitcoin. Our AI-driven analysis suggests a moderately pessimistic outlookwith a score of -5

Fasten your seatbelts, bears! 🐻📉

Word on the street is that the big money players are eyeing $90,170 like hungry sharks circling a wounded tuna.

TL;DR: At $90,170 the bulls come into play. Don’t get caught on the wrong side of the trade or you’ll be swimming with the fish. So consider taking a partial profit if it comes close to this target and if you are oriented towards the coast. 🐠💀

Current Bitcoin Futures Market Overview, 11:16 a.m., Monday, December 23, 2024, Eastern Time (ET)

Bitcoin is currently trading close $93,000after a rejection from the VWAP (Volume Weighted Average Price) at approx. $94,750. The price has slipped below critical levels, including the first lower standard deviation of VWAP, indicating increased selling pressure. This development puts the focus on the question of whether Bitcoin can regain bullish momentum or continue its descent towards lower support levels.

Key Levels to Monitor for Bitcoin Futures

1. Resistance levels:

   • VWAP at $94,750: A significant hurdle that Bitcoin must overcome for bullish momentum to take hold.
   • $96,415: The first major resistance above VWAP, consistent with historical liquidity zones.
   • $98,020: A psychological resistance level that traders can target during an upward rally.

2. Support levels:

   • $93,829: The low of the value range (VAL) of recent sessions, a key support zone to keep an eye on for potential buyer interest.
   • $92,854: A deeper support level that represents the next critical line of defense for bulls if selling pressure continues.

3. Trend indicators:

   • The The cumulative delta remains negativereflecting ongoing selling pressure.
   • Current volumetric data shows lower buying volume compared to selling volume, confirming the bearish momentum.

AI-powered Bitcoin price prediction

. Key findings influencing this prediction include:

• Continued downward trend: The price has consistently failed to stay above the VWAP and sellers are dominating the order flow.
• Lack of bullish continuation: While positive delta bars have occasionally appeared, the knock-on effect has been weak, limiting the chances of a sustained recovery.
• Decrease in volume: A steady decline in trading volume and buyer activity reduces the likelihood of a strong upward reversal.

What to expect next from BTC

1. Bearish continuation: If Bitcoin doesn’t get the VWAP back $94,965the price is likely to test the support zone $93,829with a possible extension $92,854.
2. Consolidation area: Bitcoin could stabilize near current levels and form a trading range in between $93,800 And $95,000before deciding on his next directional move.
3. Bullish scenario: A breakout above $94,965 and sustainable purchasing activity could be aimed for $96,415 and higher, indicating a possible reversal.
4. For key lower price levels, see our technical analysis for Bitcoin this Christmas

For traders and investors

For short-term traders, the focus should remain on VWAP and cumulative delta shiftsas these provide real-time insights into buyer-seller dynamics. However, long-term investors should keep an eye on key support levels $92,854which have attracted strong buying interest in the past and offer potential entry points.

While Bitcoin’s recent price action suggests caution to bullish traders, it also highlights opportunities for those willing to ride out the current downtrend. Leverage AI-based insightsTraders can better adapt their strategies to market conditions. Stay tuned for more updates as we continue to refine ours Bitcoin price predictions through AI and deliver actionable insights to the community.

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