The BTCUSDT Perpetual Futures contract is currently trading at $94,653.0, marking a slight intraday gain of +0.44%, with the mark price matching at $94,653.0. Over the past 24 hours, Bitcoin has seen a high of $95,165.1 and a low of $93,445.1, reflecting modest volatility. Trading volume in this period reached 154,375.437 BTC, with a corresponding USDT volume of $14.55 billion.
From a technical perspective, the price is currently sitting around the 7-period MA at $94,600.5, slightly above the 25-period MA of $94,366.8, but still below the longer-term 99-period MA of $95,752.6, suggesting the price is attempting a recovery but remains under longer-term resistance.
The RSI (6) is currently at 55.1, indicating neutral to mildly bullish momentum, without being in the overbought zone. Volume has tapered off slightly after a strong surge earlier in the day, showing a potential cooldown in buyer enthusiasm.
Overall, the BTCUSDT perpetual futures chart reflects a cautious recovery attempt. If Bitcoin manages to break and hold above the 99-MA, it could signal further upside potential. However, a rejection near this resistance might lead to short-term consolidation or retracement. Traders should monitor volume and RSI closely for signs of trend continuation or reversal.
