The current price of Bitcoin (BTC) is $96,336.30, reflecting a +2.32% increase over the past 24 hours. The highest price within this period was $97,388.00, and the lowest was $94,086.70, with a significant trading volume of 183,947.614 BTC, valued at approximately $17.67 billion USDT. From a technical standpoint, BTC is currently hovering around the 7-day moving average of $96,491.00, slightly below the 25-day MA ($95,731.40) and above the 99-day MA ($94,794.20), suggesting a healthy but cautious upward trend. After reaching a high at $97,388.00, BTC saw a pullback but is stabilizing just above previous support zones. The RSI is at 50.2, indicating a balanced market momentum—neither overbought nor oversold. With consistent volume and relative strength, BTC remains in a potentially bullish position if it maintains support above $96K.
From a perpetual futures perspective on Binance, BTCUSDT is currently in consolidation following its recent upward move. The price structure shows a strong impulse to the upside, followed by a mild correction, which is common in trending futures markets. The market is pricing in the potential for continued gains, as reflected in the mark price being slightly above the last price ($96,345.70 vs $96,336.30), indicating buying interest. Funding rates (not shown directly in the chart) typically lean positive in this setup, suggesting that long positions are more dominant. However, open interest stability and the flat RSI imply traders are cautious and awaiting a clearer breakout. If BTC can hold above the $96K level and push through $97,388 resistance, it could initiate a new bullish leg. Conversely, failure to hold support may trigger short-term liquidations, increasing volatility. Overall, BTC perpetual futures suggest a cautiously bullish sentiment with room for upside if technical levels hold.
