Bitcoin Price Forecast – Bitcoin continues to see buyers despite the sell-off

Bitcoin technical analysis

the Bitcoin The market fell a little bit during the Wednesday session, but during the Thursday session, it looks like we are turning things around. The $100,000 level attracted enough attention to keep the market afloat, and now we have almost bounced $2,000 from there. At this point, I think we have a situation where the markets continue to look at this through a buy-the-dip scenario, and despite the fact that the Federal Reserve shook the markets, on Wednesday, the reality is that Bitcoin is attracting a lot of hot money, and I think that’s just… Same thing here early Thursday.

I have no interest in shorting this market and I believe that given enough time, we have enough interest to push this market towards the $110,000 level. Even if we break down from here, I see plenty of support near the $95,000 level, and then again, the 50 day EMA near the $92,000 level. I expect to see a lot of volatility and choppiness, but almost all of the interest in this market is to the upside. Volume is not quite as strong as it was about a month ago, but it is also worth noting that we are heading into the holidays, so a lot of institutions may not be as concerned. But ultimately, I think we are getting a lot of value hunting here and it is probably only a matter of time before we reach the highs again.