The price is standing at $92,770, which is a respectable increase confirming that there is upward momentum above the nearby peak of $93,897. This is heavy resistance; if it breaks, the path is open upwards.

Support is close at $92,000; if it drops below that, it will drop to $89,000. The strong support below is around $84,000 to $85,000. This is a strong area if the market decides to take a break, we will see buyers showing up again, of course, all this if liquidity remains present; the money that came from exchanges to crypto hasn't been withdrawn.

What do the indicators say?

Momentum (MTM) current number is 4,250, which means the market has clear activity and strong buying.

The average: 3429 momentum is above average, meaning there is a steady upward movement.

Moving averages (DMA) fast average: 3,121 and slow 2,300. The fast is above the slow, which is a sign of an upward trend.

Trend indicator (DMI) PDI = 45.8 - The positive trend is clear.

ADX = 66.69 - The trend strength is very strong, confirming that the current trend is confidently upward.

Stoch RSI numbers K and D are close to 80, meaning the market is in a state of overbuying, so a correction might happen soon, which is normal.

The price touched a peak of $93,897 and closed there, confirming that the resistance here is strong, but if it breaks... keep your eyes wide open.

Scenarios and predictions

As long as the price is above $92,287, we are in the upward wave, and all indicators are moving positively. There's also a chance we could reach $95 or higher if the resistance breaks, but this will likely happen after a correction. The first logical support is around $89,000 and $86,000, and those who are patient might find great buying opportunities there.

If it reaches $83,000, it will be a breaking point; breaking it means everything changes, and this whole article becomes irrelevant, so we need to review the predictions and see what happened.

If you want to buy, wait for the Stoch RSI to drop and enter confidently. If you want to protect yourself, always set a stop loss.

The market is playing its game as usual with fluctuations, which is normal, but the overall trend seems to be upward and Bitcoin hasn't shown all it has yet. Always stay alert and remember not every rise is a peak and not every fall is a collapse.

And this was just an analysis and opinion, not financial advice 😊👻

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