Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
🔍BTC Price Forecast: What’s Next for Bitcoin (BTC)?
Bitcoin faced rejection near $118K last week and slipped almost 5%, now trading around $109.5K. The charts suggest both short-term pressure and critical support levels to watch.
📉 Bearish Signals
On the weekly chart, BTC risks extending losses toward $107261 (July low). A decisive break here could drag price toward the $104.4K support.
RSI at 51 is slipping toward neutral, showing fading bullish strength.
MACD remains bearish since mid-August, with red histogram bars pointing to downside continuation.
📊 Daily Chart Outlook
BTC failed to hold the 50-day EMA ($113484) and broke below the ascending trendline.
Current RSI sits at 37-38, confirming bearish momentum.
Daily MACD also shows a sell signal, reinforcing the bearish setup.
Key short-term support lies at $107.2K–$107.4K, aligning with the July low.
📈 Possible Rebound
If Bitcoin manages to stabilize above support, reclaiming the 50-day EMA at $113484 would be the first step toward recovery.
⚖️ Summary: BTC remains under pressure in the short term, but holding July’s low is critical. A break below may open deeper downside, while a recovery above the 50-day EMA could flip sentiment.
#BTC
#BtcPriceAnalysis