Bitcoin (BTC) analysis shows a mixed picture, with both bullish and bearish signals present.

*Current Price and Market Status*

- Current price: $94,751.80

- Market capitalization: $1.86 trillion

- Recent price change: 0.03%

*Technical Analysis*

- Relative Strength Index (RSI): 53.619, indicating a neutral outlook

- Moving Average Convergence Divergence (MACD): 70.800, suggesting bullish momentum

- Average Directional Index (ADX): 32.691, indicating a strong trend

*Bullish Signals*

- Bitcoin is trading within an ascending channel, signaling bullish momentum

- Completed two green 1W candles, reaching 4-week highs

- 1W MA50 holding as support, similar to previous higher lows

*Bearish Signals*

- Potential bearish reversal setup with entry point at $86,853 and stop loss above $88,783

- Resistance at $93,000

*Forecast and Predictions*

- Some analysts predict Bitcoin could reach $100,000 or even $500,000 to $1,000,000 in this market cycle

- Others forecast a potential drop to $74,443.76 if the current support breaks

*Key Statistics*

- *Market Capitalization*: $1.86 trillion

- *Trading Volume (24h)*: Not available

- *All-Time High*: $109,580.20

- *BlackRock's Bitcoin ETF Holdings*: 582,000 BTC, worth $56 billion ¹ ²