$BTC Current Market Insights:

Price Movement: Bitcoin is consolidating around $94,000-$95,000 after a 10% increase earlier this week. It’s trading about 13.4% below its all-time high of $108,388 on December 17, 2024. Technical analysis suggests a bullish outlook with a potential target of $95,396 or even $100,000, though high RSI levels indicate a possible overbought condition, which could lead to a short-term pullback.

Trading Volume: The 24-hour trading volume has decreased by -53.2% compared to the previous day, signaling a recent dip in market activity. Major exchanges like Binance, Bybit, and OKX report significant activity, with Binance’s BTC/USDT pair alone seeing $1.06 billion in volume.

Market Sentiment: Posts on X reflect mixed sentiment. Some traders note choppy price action with short positions opening, while others anticipate volatility due to external factors like U.S. tariff announcements. The market is also reacting to Bitcoin’s growing decoupling from U.S. equities, reinforcing its appeal as a safe-haven asset alongside gold.