Bitcoin Movement Projection
Bitcoin (BTC/USDT) is currently trading at 94,266.3 USDT, recording a slight increase of 0.67% (equivalent to Rp 1,583,679,495.98). Based on the 4-hour timeframe chart, Bitcoin has shown a solid upward trend since April 22, 2025, with the price surging from 83,900.0 to reach a peak of 95,769.6 in the last 24 hours. However, rejection at this level signals a potential change in direction in the near future.
Technical indicators provide an interesting picture. The 5 Moving Average (MA) at 14,432,057.2 and the 10 MA at 24,224,385.1 confirm a bullish trend, although short-term momentum appears to be weakening. The Bollinger Bands indicate the price is near the upper band (95,419.2), with the middle band at 93,778.8 serving as the nearest support. Meanwhile, the Relative Strength Index (RSI) at 52.3 is in the neutral zone, indicating no excessive buying or selling pressure. However, the negative MACD (-193.5) indicates short-term bearish momentum, reinforced by declining trading volume (5,582,624.0) during the correction.
Technically, Bitcoin is likely to experience a slight correction towards support at 93,778.8 or even 90,602.1 in the short term. If this support holds, the price may potentially retest strong resistance at 95,769.6, with the next target at 96,343.1 if successfully breached. Conversely, if the price fails to hold at 93,778.8, there is a risk of a deeper decline towards 90,602.1 or 87,721.6.
Recommendation for Traders
For those looking to buy, wait for confirmation of support at 93,778.8 or a pullback to 90,602.1 for a safer position. For traders who already hold positions, consider taking profits near resistance at 95,769.6. With moderate volatility, be sure to use a stop-loss below 93,778.8 to manage risk. Monitor price developments to seize opportunities in this dynamic market!
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