Bitcoin (BTC/USDT) Technical Analysis – Bullish Momentum Continues
BTC is currently trading at $95,189, up +1.28% for the day, showing strong bullish momentum as it continues its rally from the March lows. The price has broken past previous resistance levels and is now approaching psychological resistance near the $100,000 mark.
Key Technical Indicators:
MACD (12,26 Close): A bullish crossover is clearly visible with the MACD line (blue) crossing above the signal line (orange), and histogram bars growing positive—indicating increasing bullish strength.
Trend Structure: The daily candlestick pattern confirms a solid uptrend. The previous downtrend (Jan–March) has reversed sharply, and BTC has been making higher highs and higher lows.
Volume & Momentum: Volume appears supportive, and momentum indicators are leaning bullish, suggesting a continuation of the current trend unless a reversal signal appears.
Near-Term Outlook:
Resistance: $100,000 (psychological level)
Support: $90,000, then $85,000
Bias: Bullish as long as BTC holds above the $90,000 level
Conclusion: BTC is showing strong signs of recovery and bullish momentum. Traders should watch for a possible breakout above $100K, while keeping an eye on support zones for any signs of reversal.