$BTC

Bitcoin's current trend is bullish, trading around $94,889 USD, up 1.17% in 24 hours. It broke a key resistance at $93,000, signaling strong momentum, with RSI in the neutral 30-70 zone. Short-term, the 50-day moving average slopes up, supporting further gains, though high RSI above 70 suggests potential overbought conditions. Medium-term, Bitcoin exited a falling trend channel, indicating a slower decline or horizontal movement. Long-term, it’s in a rising trend channel, with resistance near $106,000. Institutional demand, like $2.68B in ETF inflows, and whale accumulation drive optimism, but volatility and macroeconomic risks remain.