![Screenshot_78.png](https://cdn.steemitimages.com/DQmZCvtyzHYHE79GdtJ5RiW8yMczp9yQmJZdTrtQW1wmzdt/Screenshot_78.png) ^{[Image modified in canvas source.](https://pixabay.com/es/photos/bitcoin-cripto-valores-gr%C3%A1fico-6537382/)}

Good morning Hello Steemians Community: Steem Alliance.

Bitcoin its next movement | ANALYSIS

**Bitcoin Price Analysis** In this section, the price of Bitcoin is analyzed and its future behavior is speculated on. **Current price and previous analysis.** 1-) The current price of Bitcoin is $29,980. 2-) The price was expected to fall, but there is also the possibility of a sharp upward movement. 3-) The price is close to the resistance level at $30,000. **Technical analysis** ![Screenshot_66.png](https://cdn.steemitimages.com/DQmSJDrf6bm7rrgmNZirEsD9YwPzigbMFTRE8exfvYNoCpG/Screenshot_66.png) ^{screenshot modified in canvas .} 1-) On the daily chart, the price did not break the 50 level below, which indicates that there could be an upward movement. ![Screenshot_67.png](https://cdn.steemitimages.com/DQmQdCbcSkCZaf4k7yb9Vt1pu1785KUaCf7bjie7KafkQxu/Screenshot_67.png) ^{screenshot modified in canvas .} 2-) There is a buy setup on the Squeeze Momentum Indicator (squeeze). ![Screenshot_68.png](https://cdn.steemitimages.com/DQmYV8DxZdTms7M2QzL3tvzWEdrKe7etQv9866Uco39U8zJ/Screenshot_68.png) ^{screenshot modified in canvas .} 3-) The Magdi indicator shows a buy setup with the yellow line above it. 4-) The RSI can cross the 50 level to the upside, which would indicate a strong upward movement. **Future perspectives** 1-) If all the technical setups materialize, it is possible that the price breaks the 10-period moving average in 4 hours and starts a bullish movement. 2-) A downward trend is observed on the daily charts, but there is no clear trend yet. **Technical setups and bullish outlook** ![Screenshot_69.png](https://cdn.steemitimages.com/DQmRjMSRyb4uCiLnYBEqfsdG5V96TL3zuqZauyudie3CVUg/Screenshot_69.png) ^{screenshot modified in canvas .} 1-) The squeeze is reaching line 0, which indicates a high probability of a sharp upward movement. 2-) The Magdi indicator shows a buy setup with the yellow line above it. ![Screenshot_71.png](https://cdn.steemitimages.com/DQmaoj9jo3Hn6NWpNn13TQntSwTWLi3fECf5P4gzpXCaMbE/Screenshot_71.png) ^{screenshot modified in canvas .} 3-) If the RSI crosses the 50 level to the upside, a strong upward movement is expected. **bullish outlook** 1-) The combination of the technical configurations and the location of the price in the ascending channel suggest a possible upward movement. 2-) A 4-hour candle close above the 10-period moving average would be a catalyst for a bullish move. **Price analysis on daily charts** Price action on the daily charts is analyzed and a downtrend is identified. **Price action on daily charts** 1-) A lower minimum is observed than the previous one, but it is not possible to make a higher maximum than the previous one. 2-) There is a clear downward trend structure in this small period of time. **General analysis** 1-) A general analysis of the Bitcoin price is carried out and it is concluded that there is no clear trend at the moment. 2-) The analysis focuses on a specific segment of the chart and does not represent a long-term trend. 3-) There is not enough evidence to determine if the price has a bullish or bearish trend. **Analysis of the bearish structure** In this section, we look at the bearish price structure and how it has supported the bottom of the rising channel. It is mentioned that the price is making a higher low than the previous low, which breaks the bearish structure. A possible breakout is expected if a candle closes above the previous high. ![Screenshot_72.png](https://cdn.steemitimages.com/DQmZxVF3JTcFYdLwNwZxobMQGYCCpespFZPKYojzFmvJteF/Screenshot_72.png) ^{screenshot modified in canvas .} ![Screenshot_73.png](https://cdn.steemitimages.com/DQmfHbwoE5nWAmaysbTyKVyP1vZCvGvyRowtCuF4KQCZ1zY/Screenshot_73.png) ^{screenshot modified in canvas .} 1-) The price has supported the bottom of the ascending channel. 2-) A higher low is forming than the previous low. 3-) This breaks the bearish structure. 4-) A possible upward breakout is expected if a candle closes above the previous high. **Evening/early morning forecast** In this section, a forecast for the night/early morning is given based on the previous analysis. If no significant change occurs, it is likely that the test will still be valid the next morning. 1-) The forecast for the night/early morning is based on the previous analysis. 2-) If no significant changes occur, it is likely that the analysis will still be valid the next morning. Vote @bangla.witness as lead witness please ![Screenshot_458.png](https://cdn.steemitimages.com/DQmakb5JUoEVJoNdwuBLpsYZpV7kFrFCy8FspqZVof1ieQ8/Screenshot_458.png)

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