Bitcoin price prediction using artificial intelligence

As Bitcoin continues to dominate the cryptocurrency market, traders and investors are constantly seeking information about its price movements. Take advantage of the latest technology Artificial intelligence-based analysisWe aim to provide a clearer picture of Bitcoin’s current market dynamics and potential price path. our Artificial intelligence-based analysis A suggests Moderately bearish outlookWith a score -5

Buckle up, bears! 🐻📉

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

tl;dr: $90,170 is where the bulls come to play. Don’t get on the wrong side of the trade, or you’ll swim with the fish, so consider taking partial profits if you get close, and if you back them. 🐠💀

Current market snapshot for Bitcoin futures, 11:16 a.m., Monday, December 23, 2024, Eastern Time (ET)

Bitcoin is currently trading near 93 thousand dollarsafter rejection in VWAP (Volume Weighted Average Price) In Apex. $94,750. The price fell below critical levels, including the first lower standard deviation of VWAP, indicating increasing selling pressure. This development focuses on whether Bitcoin can regain upward momentum or continue its decline towards lower support levels.

Key Levels to Watch for Bitcoin Futures

1. Resistance levels:

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

2. Support levels:

   • $93,829: Value Low Area (VAL) from recent sessions, a key support area to monitor potential buyer interest.
   • $92,854: A deeper support level, representing the next crucial line of defense for bulls if selling pressure continues.

3. Trend indicators:

   • the The cumulative delta is still negativeWhich reflects the ongoing selling pressure.
   • Recent volume data shows lower buying volume compared to selling volume, confirming the downward momentum.

Bitcoin price prediction powered by artificial intelligence

. Key ideas influencing this prediction include:

• Continuing downward trend: Price consistently fails to stay above VWAP, and sellers dominate the order flow.
• Lack of upward continuity: While positive delta bars have appeared at times, follow-through has been poor, limiting the chances of a sustainable recovery.
• Low volume: A steady decline in trade volume and buyer activity reduces the likelihood of a sharp bullish reversal.

What to expect next for BTC

1. Bearish continuation: If Bitcoin fails to restore VWAP at $94,965the price is likely to test the support area at $93,829with the possibility of extending to $92,854.
2. Scope of unificationIt is possible that Bitcoin will stabilize near the current levels, forming a trading range between $93,800 and $95,000Before deciding his next directional move.
3. Bullish scenario: hack above $94,965 It can target ongoing purchasing activity $96,415 and higher, indicating a potential reversal.
4. For key lower price levels, check our website Technical analysis of Bitcoin during Christmas

For traders and investors

For short-term traders, the focus should remain on… VWAP and cumulative delta shiftsThese provide real-time insights into buyer and seller dynamics. However, long-term investors should monitor key support levels such as… $92,854which historically attract significant buying interest, providing potential entry points.

While Bitcoin’s recent price action signals caution for bullish traders, it also highlights opportunities for those ready to navigate the current downtrend. Benefit AI-based insightsTraders can better align their strategies with market conditions. Stay tuned for more updates as we continue to improve our site Bitcoin price predictions by artificial intelligence and provide 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.