$BTC

. General trend: Bitcoin price is moving within a sideways channel between $93,000 and $95,000, approaching the lower boundary of the channel, indicating a possible bullish bounce.

• Support levels:

• $93,000: Strong short-term support.

• $91,000: Important second support.

• Resistance levels:

• $95,000: Initial short-term resistance.

• $97,500: Technical resistance level to watch.

• Technical indicators:

• Relative Strength Index (RSI): Close to 60, indicating weak bullish momentum without reaching the overbought zone.

• MACD: Showing positive momentum with a slight pullback, indicating a possible correction is imminent.

• Moving Averages:

• 50-day moving average: Close to the current price, providing support at $93,000.

• 200-day moving average: Located at $86,500, it is considered a major long-term support.

Forecast:

If the price manages to break the resistance level at $95,000 and hold above it, it may target $97,500 and then $100,000. On the other hand, if the price breaks the support level at $93,000, it may head towards $91,000, and with continued selling pressure, it may reach $86,500.

Traders are advised to monitor these key levels and technical indicators to make informed trading decisions.