Recent Trend: Bitcoin has just bounced back from a low around 75,000–80,000 USDC and seems to be forming a 'W' structure, often a sign of a bullish reversal.
2. Key Level: It is flirting with the 96,000 mark, which is a visible resistance. It recently attempted to break above 97,000 (24h high at 97,932).
3. Volume: The volume remains relatively stable, indicating a certain balance between buyers and sellers.
4. Past Performance:
• 7 days: +1.41 %
• 30 days: +13.26 %
• 180 days: +38.91 %
• 1 year: +62.45 %
• But be careful: over 90 days, it remains down (-5.08 %), reflecting significant volatility.
Speculation:
If the price manages to clearly break the 97,000–98,000 resistance with volume, it could test the 100,000 USDC mark and beyond. On the other hand, a rejection around 96,000–97,000 could lead to a pullback towards 90,000 or even 85,000. #btc $BTC