$BTC The current price of Bitcoin is trading above 94,200 USD and the 100-hour simple moving average. An upward trend line is forming with support at 94,200 USD on the hourly chart of the Bitcoin/USD pair.

On the positive side, there is an immediate resistance level near 95,250 USD. The first major resistance level is near 95,500 USD. The next major resistance could be at 96,250 USD. A close above the resistance at 96,250 USD could lead to further price increases. In this case, the price could rise and test the resistance at 97,500 USD. Any further increase could push the price up to 98,800 USD $BTC #btc