The $BTC /USDT 15-minute chart shows a sharp rebound after a period of steady decline, signaling that bulls are stepping back into the arena with force. After bottoming out at $93,613.66 earlier today, Bitcoin has staged an impressive rally, pushing the price up to $94,532.45 at the time of analysis. That’s nearly a $1,000 surge from the low, and it's coming with strong green candles—indicative of decisive buyer momentum.
This bounce is more than just a dead cat; the current price action suggests a bullish reversal pattern, especially given the consistent higher lows and strong green candles stacking toward the resistance zone around $94,596. If BTC can break past the minor resistance just shy of $94,800 (the recent swing high), it could retest the 24h high of $95,758.08.
However, price action also reveals a squeeze forming between $93,600 and $94,800—a short-term consolidation range. A breakout above this range, especially if supported by volume, could pave the way for a rally toward $96K. If rejected, though, BTC may pull back to retest the $94K level or even the $93,600 support to shake out weak hands.
Overall, the trend is shifting bullish in the short term, but confirmation lies in whether Bitcoin can hold above $94,600 and build momentum. Traders will be watching volume and any pullbacks closely—if they’re shallow, it may just fuel the next leg up.
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