Bitcoin Analysis‼️‼️‼️‼️
Bitcoin price rises from $96973 to $98323 in the last hours
Bitcoin on the daily chart shows stability of the cycle between $96000 and $98000 after a 10.3% decline from the historical peak It remains with a critical resistance of $109356 and support at $89164 Holding above $96000 could indicate a short to medium-term uptrend while a decline below $94000 could cause a retest of $90000
Relative Strength Index (RSI) at 49 while the Moving Average Convergence Divergence (MACD) is bullish
The SMA is showing mixed signals and (EMA 10 20) indicates buying while EMA and (EMA 30, 50) indicate selling while the long-term EMA (100, 200) In a bullish state
Bulls 🐂🐂🐂🐂
Bitcoin's ability to hold above $96,000 with some signals supporting the recovery scenario A break above $98,800 on the 4-hour chart could lead to a rise to $102,000
Bears 🐻🐻🐻🐻
Failure to hold the $96,000 level where bears can control the trend A close below $94,000 could confirm a trend reversal with a target of $90,000
