$BTC

Market Overview

Today, BTC fluctuated between 93,580 USD – 95,279 USD, with a fairly wide intraday range, indicating that investors are considering between taking short-term profits and continuing to buy the dip.

Technical Analysis

• On the H4 chart, BTC is forming a bullish pennant pattern, which usually signals that the upward momentum will continue if buyers break the short-term resistance around 97,000 USD.

Fundamental Factors

• The market is awaiting the Non-Farm Payrolls report and the US CPI index this week; if the data shows signs of cooling inflationary pressure, funds may continue to flow into BTC as an inflation hedge .

• Morningstar warns that it is still too early to consider BTC a safe haven as its price behavior remains closely tied to other risk assets .

• Rumors that GameStop is preparing to buy 6.5 billion USD worth of Bitcoin have created positive news flow, attracting the interest of individual traders and small institutions .

• Forecasts from Standard Chartered suggest that BTC could reach 120,000 USD by Q2 / 2025, raising long-term expectations, although this target still depends on overall macroeconomic volatility.

Short-term Forecast

• If BTC holds above the support level of 93,000 USD, there is a high likelihood it will continue to rise and test the resistance zone of 97,000–100,000 USD in the coming sessions  .

• Conversely, losing the 92,000 USD mark could trigger strong selling waves, pushing the price down to the next support zone around 88,000–90,000 USD, where buying volume significantly increases according to order book data .

• Investors should closely monitor macroeconomic developments (CPI/NFP data) and trading volume around key levels to assess trends for placing reasonable stop-loss orders.