$BTC Bitcoin (BTC) is currently trading at around $84,918, showing a slight decline of 0.52% over the past 24 hours. The price action on the 15-minute chart indicates a recent recovery after hitting a low of $83,736.26. BTC climbed to a local high of $85,090 before facing mild resistance. The moving averages (MA) suggest mixed momentum: the short-term MA(7) is above both the MA(25) and MA(99), indicating short-term bullish strength. However, the overall market remains cautious as BTC struggles to break and hold above the $85,000 level. Volume over the last 24 hours remains strong, suggesting active trading interest. Looking at broader trends, Bitcoin has posted a 6.92% gain over the past 7 days and a 41.07% increase over the past year. Despite some volatility, the overall structure still favors bulls as long as Bitcoin maintains support above $84,400 and avoids dropping below recent lows.
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