Bitcoin's current price is around $93,018.01, with a 1.58% decrease in the last 24 hours.
Here's a brief analysis:
Key Stats:
$BTC Current Price: $93,018.01
Market Cap: $1.88 trillion
24-hour Trading Volume: $18.52 billion - $59.77 billion (varies across sources)
Percentage Change: -1.58% (last 24 hours), 10% increase over the last week
Technical Analysis:
The short-term trend shows a bearish momentum, with Bitcoin breaking down from a horizontal trend channel.
However, the long-term trend indicates a strong buy signal, with #Bitcoin holding above the $81,000-$83,000 support zone.
potential rise to $98,000-$108,000 if Bitcoin holds above $91,000.
Market Sentiment:
Institutional investors have shown weak demand and liquidity conditions, with US Bitcoin spot ETFs recording net outflows.
However, the surge to $94,000 shows macro optimism and shifting investor sentiment.
traders expect a bullish movement to $96,000, while others predict a potential drop to $85,000.
