Bitcoin (BTC) Price Prediction: Bullish Signs on the 4-Hour Chart Face a Heavy Macro Downtrend

Bitcoin is currently hovering around the $92,000 mark and showing some signs of momentum on lower timeframes. As we highlighted in our previous analysis, the market has mainly been moving sideways for the past few weeks following a broader downtrend that began in October. The recent holiday season further slowed down activity as trading volumes reduced, leaving Bitcoin relatively stagnant throughout the end of the year. We are finally seeing bulls gaining some momentum on the micro timeframes, but for this move to become a sustained rally, Bitcoin will need to break out of its current trend and flip crucial resistance levels into solid support. With that in mind, let's take a look at the latest price charts to see where the market is headed in the coming days.

Our Bitcoin Price Prediction Summary

• Bitcoin is showing short-term strength by holding above $90,000 but must break the $92,000 to $94,000 resistance zone to sustain this momentum.
• The daily and weekly timeframes indicate that the broader downtrend remains intact despite the recent minor price recovery.
• Prices are likely to remain pressured toward lower liquidity zones until the major resistance levels are officially flipped into support.

Analyzing the Charts

Short-Term Bullish Momentum

When looking at the latest 4-hour charts for Bitcoin, it is clear that the bulls are attempting to regain control. The price has successfully climbed above the immediate resistance at approximately $90,000, which effectively shifts the short-term trend in a more positive direction. Bitcoin is now testing the vital resistance zone between $92,000 and $94,000, and this area will be the true decider for the next move. Buyers will need to step in with significant strength to push through this hurdle and sustain the rally. Without that necessary volume, this recent move risks being a temporary bounce before the price returns to its previous downward path toward lower levels.

Daily Outlook and Key Levels

Switching to the 1-day timeframe, the technical outlook has not changed much as the price continues to move within our previously highlighted consolidation zone. Unless we see the bulls successfully flip the $92,000 to $94,000 resistance area into support in the coming days, the overall market bias will likely remain towards the downside. The broader downtrend is still very much intact and there is a noticeable amount of liquidity hanging just below the $90,000 region. This suggests that the market may still be drawn toward those lower levels if the current attempt at a breakout fails to find enough buyers.

Long-Term Weekly Indicators

Lastly, if we switch to the 1-week timeframe, the picture remains largely the same. We are still seeing a massive bearish divergence for Bitcoin that has been active for over two months, suggesting that the market is still lacking strength. The price is also trading below the 50-weekEMA, which is a common occurrence when Bitcoin is in a broader downtrend. This long-term trend hints that bears are still dominating the market in both the short and mid-term, and it is a primary reason why our current Bitcoin price prediction continues to lean in a bearish direction.

Final Takeaway: What is Next for Bitcoin (BTC)?

While we are seeing some promising signs of life on the lower timeframes, Bitcoin still has significant hurdles to overcome before we can confirm a true reversal. The successful break above $90,000 on the 4-hour chart is a positive start, but the heavy resistance between $92,000 and $94,000 remains the ultimate test for the bulls. On the daily and weekly timeframes, the broader downtrend and bearish indicators suggest that caution is still warranted. Until Bitcoin can flip these key resistance levels into support and address the long-term bearish divergence, the market bias remains cautious with an eye on lower liquidity zones.