Bitcoin (BTC) is currently trading at $94,769.00, with a 24H change of +0.63% and a daily range between $92,953.00 – $94,843.00.
The technical indicators suggest a bullish market sentiment, with 12 buy signals, 2 neutral, and 1 sell from the moving averages. This indicates that the overall trend is favoring upward movement.
However, the oscillators show a more mixed picture, with 4 buy signals, 3 neutral, and 3 sell signals, which indicates some caution despite the positive trend.
The market sentiment is primarily bullish, driven by continued ETF inflows and Bitcoin's status as a safe-haven asset in times of uncertainty.
Bitcoin is encountering key resistance levels at $95,000, $100,000, and $105,000, with these levels acting as hurdles for further gains.
On the other hand, key support levels are at $92,500, $90,000, and $87,500, which are critical for preventing a downturn.
The outlook remains bullish, with a breakout above the $95,000 resistance likely to push Bitcoin towards the next major resistance level of $100,000. A sustained move above this resistance could set the stage for further upward momentum in the market.
DISCLAIMER:the all information given above is generated by ai
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