Bitcoin is currently trading around $93,800, following a strong rally that saw an intraday high of $96,256. This move highlights renewed bullish momentum, but also presents a test of resistance just shy of previous all-time highs. The slight pullback of -0.019% from the previous close isn’t a concern for most traders—it looks more like healthy consolidation after a big move up.
A critical level to watch now is the $91,500–$92,000 support zone. This area could define the short-term direction of BTC. If Bitcoin holds above it, we could see a fresh push toward new highs. However, slipping below that range may trigger a corrective phase, especially if broader market conditions shift.
Despite minor volatility, the sentiment remains largely bullish. Institutional interest is quietly increasing again, and traders are actively rotating capital between BTC and major altcoins. Still, caution is key. Macro events—like upcoming interest rate decisions and inflation reports—can move markets unexpectedly.
As always, I’m staying data-driven. Momentum looks strong, but I’m closely managing my risk. The path forward for BTC is promising, but nothing moves in a straight line.