BTC/USDT Analysis – Back to Sideways Movement

Hello everyone! This is the daily analysis from the trader-analyst at CryptoRobotics.

Unfortunately, Bitcoin did not continue its move toward the $100,000 target yesterday, and we didn’t get a more favorable entry price for buying.

If we analyze the previous wave of selling from $105,000, we can see that we’ve returned to that range and consolidated within it. This again indicates a balance of power and a well-formed sideways range. The movement is occurring on reduced volume, which also signals market uncertainty.

At the moment, we observe a dominant presence of limit buyers within the current volume zone. Therefore, we primarily expect a test of the $105,000–$105,700 sell zone (market buy absorption area), from which a strong selling reaction is still possible, potentially pushing the price toward local lows. There are no notable volume-based support zones until the next major buying area. If there is no reaction in the designated sell zone, we expect Bitcoin to move toward $107,000.

Sell Zones:
$105,000–$105,700 (market buy absorption),
$107,000–$109,000 (volume anomalies).

Buy Zones:
~$100,000 (initiating volumes),
$98,000–$97,200 (local support),
$93,000 level,
$91,500–$90,000 (strong buying imbalance),
$88,100–$87,000 (market sell absorption),
$85,500–$84,000 (accumulated volumes),
$82,700–$81,400 (volume zone),
$74,800 level,
$69,000–$60,600 (accumulated volumes).

This publication is not financial advice.