Looking at the 6-hour chart of $BTC /USDT, Bitcoin is currently priced around $96,954, showing a 0.89% gain and reflecting moderate upward momentum. Over the past couple of weeks, the chart has painted a classic bullish recovery from a low near $83,000, with steady higher lows and higher highs—hallmarks of a healthy uptrend. The most recent candles show consolidation just below the local high of $97,424, signaling that bulls are testing the waters for a breakout above resistance.
Volume tells an encouraging story. There was a strong surge in buy-side volume as BTC broke above the $90,000 mark, followed by a gradual decline—a classic sign of consolidation rather than reversal. Moving averages (especially MA(5) and MA(10)) are aligned upward and showing crossover support, suggesting the trend remains intact for now.
From a broader perspective, the order book shows a healthy bid-to-ask ratio with 64.24% of orders on the buy side. This imbalance favors bullish continuation, especially if the current resistance at $97,424 breaks. If that happens, BTC could aim for the psychological $100,000 mark, which may act as both a magnet and a psychological barrier. However, should buyers fail to push past resistance soon, some cooling down toward $94,000 or even $91,800 could occur before the next leg up.
Overall, the trend remains bullish with a cautious eye on resistance. The price structure suggests momentum is still in favor of the bulls, but the coming sessions will be critical—either to ignite the next breakout or to shake out weak hands in a brief pullback.
