$BTC #BTC Market Update: Bullish Vibes in the Short Term?
Bitcoin ($BTC) is showing some positive signs right now, with short-term indicators leaning bullish.
At the moment, BTC is trading around $95,938, touching an intraday high of $96,936 and a low of $95,936.
Here’s What to Watch in the Coming Hours:
Key Resistance Levels:
$97,500 – This level has been tested recently and lines up with a local peak.
$98,000 – A psychological barrier and top of the short-term sideways trend.
Support Zones:
$95,000 – Acting as the main support after holding strong in recent sessions.
$94,000–94,500 – A lower support area where buyers have stepped in before.
Technical Signals (1-Hour Chart):
Moving Averages: Rated “Strong Buy” on TradingView.
Oscillators: Giving a “Neutral” reading, suggesting a tug-of-war between buyers and sellers.
RSI: Slightly above 50, which leans bullish.
Potential Risks:
If BTC falls below $95,000, it could dip to $94,500 or even test $94,200.
Big news (like central bank updates or regulation changes) could cause sharp price swings.
Quick Take:
For now, the outlook stays positive. BTC may aim for $97,500–98,000 soon—if buyer momentum holds up. Keep an eye on the support zones and how indicators shift over the next few hours.
What’s your strategy in this market?
