BTC/USDT – Daily Timeframe Update
Price: $95,134.60 (-0.33% in 24h)
Technical Analysis:
• Bitcoin continues to trade in an upward trend after recovering from the local low of $74,508.
• The price remains above all key moving averages:
• MA(7): $94,404
• MA(25): $86,634
• MA(99): $90,373
• The main resistance zone is around $96,820–97,000, which previously acted as a profit-taking area.
• MACD remains bullish (+889), confirming strong upward momentum.
• RSI(6): 80.6 – indicates overbought conditions, suggesting a possible short-term pullback.
• Volume stays moderately high, supporting the current trend.
Conclusion:
BTC shows strong upward movement, but technical indicators point to a possible short-term overbought condition. A pullback to the $92,000–93,000 range may provide a good entry before the next leg up toward $97,000–100,000.
