#BTC#

BTC Support and Resistance Analysis (Short and Medium Term):
Recent price movements and Bitcoin appear to be in a consolidation and correction process after a strong rise.
* Current Price Range and Important Levels: It is stated that Bitcoin is currently trading in the range of approximately $103,500 - $107,700. There are short-term fluctuations in this range.
* Critical Support Levels:
* $101,000 - $102,000: This range is seen as a critical defense line for the bulls as a region where the 50-day moving average (MA) and the upward trend line intersect.
* $96,000 - $99,000: This region, which coincides with the Fibonacci 38.2%-50% retracement levels, is the next important support that can be tested if the $100,000 levels are broken.
* $91,500: It is indicated as the main support level to be watched in the short term by some analysts.

* $87,123 (Fibonacci 0.382): It appears as the first important support level in a deeper pullback scenario. Below this, the levels of $80,575 (Fibo 0.5) and $74,021 (Fibo 0.618) may also be critical.

* Critical Resistance Levels:

* $104,000 - $105,000: It is seen as a strong resistance area that must be overcome in the near term in the current market conditions. The levels of $104,600 and $105,000 are especially important.

* $106,800 - $107,300: This area is analyzed as a resistance to which the price has previously reacted and which shows strong buying interest.
* $108,000 - $108,330: These levels are indicated as critical resistances that must be overcome for the continuation of the upward movement, where previous targets have been reached.

* $111,000 - $112,000: Previous peaks and c-wave targets are at these levels.
MACD (Moving Average Convergence/Divergence) Analysis Result:

* Current Situation: Some current analyses indicate that the 4-hour (4H) MACD recently completed a "Bullish Crossover". This is generally considered a strong buy signal and may create an expectation of upward momentum.

* Comparison with Historical Data: Some analysts suggest that similar MACD signals observed in previous bullish movements could carry Bitcoin to targets such as $119,000 in the short term.
* General Trend: On longer time frames (e.g. 1-month chart), it is commented that MACD is still bullish and there is potential for further upside during bull cycles.

General Assessment:
Bitcoin is technically in a consolidation process between important support and resistance levels. While short-term MACD signals provide some positive signals, the general market structure and correction expectations should be taken into consideration. Especially holding the $101,000 - $102,000 support zone will be critical for a possible upward movement.