$BTC

Bitcoin (BTC) 1H Technical Analysis

Current Price: $94,597.68

24H Range: $93,870.69 – $95,199.00

Change: -0.14%

Trend Overview:

BTC is currently consolidating after a strong move towards $95,758, followed by a mild correction. The price has found short-term support above the MA(99), maintaining a neutral to slightly bullish structure.

Indicators:

RSI (Relative Strength Index): Currently around 59.67, suggesting there is still room for upward movement before entering the overbought zone.

MACD: Showing signs of a potential bullish crossover; the histogram is turning positive, hinting at a possible momentum shift back to the upside.

Volume: Volume is relatively stable, but a breakout would require a noticeable increase in buying activity.

Key Levels:

Resistance: $95,200 (24h high) and $95,758 (recent peak) — A breakout could push BTC toward the $96,500 zone.

Support: $94,300 (local support) and $93,870 (24h low) — If broken, BTC might retest the $93,200 area.

Summary:

Bitcoin is stabilizing near $94,600, setting the stage for the next big move. A confirmed breakout above $95,200 with strong volume could reignite bullish momentum. Traders should watch the MACD signal and RSI levels closely for confirmation.

Are you bullish or bearish on Bitcoin this week?

Share your thoughts below!

#BTC #Bitcoin #CryptoAnalysis #BinanceSquare #BinanceAlphaPoints