Bitcoin has started a promising recovery:
Discover our full analysis and current technical forecasts for Bitcoin
Technical analysis for the BTC/USD pair: Bitcoin is consolidating below the key resistance level after a strong recovery (+10%), with increased volumes and confirmation of the bullish trend across all time frames.
Derivatives analysis (BTC/USDT): Speculative activity resumes, with rising open interest, buyer dominance, short pressure, and a moderate positive funding rate.
Bitcoin price forecasts (BTC): A confirmed bullish scenario if the price of Bitcoin remains above $91,600, with targets reaching $109,354; below this level, there is a risk of correction towards $74,500.
The technical backdrop remains supportive, but market reactions to key areas and macroeconomic data will be crucial moving forward.
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