Bitcoin Analysis #bitcoin

Current Price: Approximately 94,500 USD.

Technical Trend: Bitcoin has seen a decline from its peak of 97,000 USD over the weekend, with a decrease of 1.16% in the past 24 hours.

RSI Indicator: Indicates an overbought condition, which may lead to a price correction.

MACD Indicator: Shows a negative crossover, suggesting the possibility of continued decline in the short term.

Support and Resistance Levels:

Support: 92,000 USD.

Resistance: 98,000 USD.

Forecast: The decline may continue towards the support level at 92,000 USD, with the possibility of a rebound if the market stabilizes.