#Bitcoin ($BTC) 4H Chart Analysis & Prediction

By Moralis Web3 University - The price is trading near $91,575, following a significant sell-off with large red candles.

This 4H BTC chart showcases a price action analysis following a sell-off with large red candles and a potential bounce from a green demand zone. Resistance levels include $93,927, $94,675 - $95,109, and $96,118 - $96,756, while support appears at the current green zone and lower at $89,000-$88,000. High liquidation points are marked by orange and blue circles, with orange indicating potential resistance and blue suggesting liquidity for further downside moves. RSI sits in deep oversold territory at 24.5, indicating a potential bounce or consolidation. Green dots from Market Cipher B-like signals at the bottom suggest a potential bottom formation or relief bounce, while bearish divergence is still present in previous moves. The Money Flow Index shows negative flow, indicating capital leaving the market and adding bearish pressure. If the $91,000 support holds and RSI recovers from oversold, a relief bounce could occur with targets at $93,927, $94,675 - $95,109, and potentially $96,756 with high volume. However, if $91,000 fails, a breakdown could lead to targets at $89,000 and $88,000.