Bitcoin just tapped $97,005 on Binance—creeping close to its 24h high of $97,895!
Here’s a quick snapshot of what’s going on based on the 1-hour chart:
Key Levels:
24h High: $97,895.68
24h Low: $96,184.19
Current Price: $97,005.01 (+0.45%)
Support zone: Around $96,673
Resistance zone: Near $97,895
Volume & Momentum:
Volume spiked earlier today (310.6 BTC) with a noticeable green candle, hinting at buying pressure.
The 5-period MA is curling up ($599.78), slightly below the 10-period MA ($802.63), which could suggest a potential bullish crossover incoming if momentum sustains.
Trend Summary:
Today: Slight decline (-0.16%)
7D: +2.08%
30D: +12.37%
180D & 1Y: Extremely bullish at +42.65% and +63.35% respectively.
Verdict:
BTC is consolidating just below its recent peak. If it breaks above $97,895 with strong volume, we could see a push toward $98.5K or beyond. But if it loses $96.6K, expect a dip back to the $95.3K-$95.9K zone.
Want me to mark potential breakout or breakdown zones on a visual chart?