Bitcoin (BTC/USD) shows interesting price movements across different timeframes. Here is a brief analysis based on the charts for the 1-hour (1H), 4-hour (4H), and 1-month (1M) timeframes, using indicators such as Bollinger Bands, Moving Averages (MA), RSI, and MACD.

On the 1-hour timeframe, the price of Bitcoin is $93,668.28, down 0.24% in the last 24 hours. The upward trend appears strong with the price approaching the upper Bollinger Bands at $97,377.91, but the RSI at 74.58 indicates an overbought condition. The slightly declining volume also indicates weakening momentum. A short-term correction is likely to occur, with the nearest support at $87,597.15 (Middle Band) or $83,018.46.

On the 4-hour timeframe, the price of Bitcoin is $93,654.35, down 0.27% in 24 hours. The bullish trend remains strong, with the price approaching the upper Bollinger Bands at $109,243.52. The RSI at 64.81 indicates that the market is not yet overbought, providing room for further increases. However, the slightly declining volume is an early sign of potential correction. The main support is at $69,223.31 or $68,856.76 if a correction occurs.

Meanwhile, on the 1-month timeframe, the price of Bitcoin is $93,656.85, down 0.26% in the last 24 hours. The long-term upward trend is very strong, with an increase from $15,476.00 to the current level. The RSI at 64.81 indicates that the market is still bullish, and the positive MACD (DIF: 14,956.47, DEA: 12,885.83) confirms this momentum. The price has the potential to test $109,586.12, but the recent decline in volume may trigger a temporary correction to $68,856.76 or $65,888.84.

Conclusion: Bitcoin shows a strong bullish trend across all timeframes, but a short-term correction is likely to occur on the 1-hour timeframe due to overbought conditions. On the 4-hour and 1-month timeframes, the upward trend remains dominant, although there is potential for a small pullback. Traders need to monitor support levels and volume changes to make informed decisions.$BTC #SaylorBTCPurchase