$BTC

🚨 BTC Coin Technical Analysis 🚨

BTC’s value today is up 0.62% and trades at $94,150 with a hope of pushing higher after failed attempt at a correction over the weekend.

The four-chart provides the best outlook for Bitcoin’s technical analysis. The bearish divergence noted between price and momentum indicators such as the RSI and AO still persists. This nonconformity aligns well with recent doubts among big investors of the Trump-Xi tariff deal and could be setting up the stage for disappointment and correction.

In the case of BTC price, there may be another leg up to a key reversal zone, extending from $97.1k to $98.1k. This area coincides with the three-month value area’s highest volume level and also with the supply zone formed at the peak in February 2021 that led to a 22% crash to $78k.

Hence, another push into this key area could see sharp reversal to the $88.4k to $81k value area. The highest volume traded level for this zone is at $83.7k, but BTC price may find support a bit earlier at $85.8k, which is the March month’s VWAP level.

On the other hand, if investors look to diversify from gold to Bitcoin, BTC price could rally. One could assume the nearly $3 billion in spot Bitcoin ETF inflows over the past week suggest exactly that – a shift in investor behavior toward BTC.

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