$BTC

Bitcoin (BTC) – Quick analysis 1h (07.05.2025)

After a strong breakout from around $93,370, BTC reached a local peak at $97,240. Currently, we are observing a correction and price stabilization in the area of $96,400.

What can be seen on the chart?

RSI (58.6) cooled down after being previously overbought – a possible sideways movement or pullback.

MACD is still bullish, but momentum is weakening.

Volume is decreasing – bulls may need a moment to catch their breath.

Key levels:

Support: $95,000 / $93,370

Resistance: $97,240 / $98,500

Potential consolidation before the next move. A breakout above $97,240 could open the way to the psychological level of $100,000.

This is not investment advice. Doing your own research is essential!

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