BITCOIN FUNDAMENTAL UPDATE š
Bitcoin is currently trading near 96038, extending its bullish structure after firmly reclaiming the 95000 level. The market continues to favor buyers as price action inches closer to all-time highs.
š¹ Current market situation
BTC is trading above all major EMAs (50, 100, and 200) on the daily timeframe, confirming strong bullish momentum. The RSI is elevated but not yet in extreme overbought territory, indicating sustained strength with room for further upside before exhaustion.
š¹ Important technical point
Bitcoin is now approaching the psychological 100000 level. A confirmed daily close above 97800 could ignite momentum toward the key milestone. On the downside, 94500 and 92000 remain short-term support zones in case of any weekend retracement.
š¹ Fundamental catalyst to watch
As the weekend has started, trading volume typically declines, and no high-impact economic news is scheduled for today. This may result in slower price action or range-bound movement unless unexpected catalysts emerge.
š¹ What to expect
With BTC showing solid strength and limited fundamental events ahead, the market could consolidate or grind upward gradually over the weekend. Traders should remain cautious of low liquidity conditions which can trigger sharp but short-lived moves.
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