🚨 Bitcoin consolidates near $93,000: What is driving the market today?
Bitcoin (BTC) remains around $93,312, with a slight drop of 0.51% in the last 24 hours. The price has fluctuated between a low of $91,810 and a high of $93,836 during the day.
🔍 What is moving the market?
Resistance at $94,000 – Bitcoin has tried to surpass this level but has been rejected several times. This indicates a strong selling pressure zone.
Increase in trading volume – The volume reached $59 billion, showing strong interest from traders and institutions.
Growing institutional support – With laws like the one in New Hampshire, which allow state investments in BTC, institutional confidence is increasing.
📈 Technical analysis
Indicators show a bullish trend, but as long as it does not exceed $94,000, the market may continue to move sideways. If that resistance is broken, Bitcoin could approach its all-time high of $109,026.
🧠 What should you consider?
Risk management – Set clear limits and do not invest more than you can afford to lose.
Continuous analysis – Stay informed with reliable sources to better understand market movements.
Diversification – Do not put all your capital into a single asset. Consider a balanced portfolio.
Do you think BTC will break the resistance in the coming days? Are you accumulating or waiting? I look forward to your comments! 👇
