Bitcoin currently trade around $93,911 having broken resitance above $88,000-$89,000 zone. The breakout, supported by strong volume, positions Bitcoin favorably for further gains, although a short-term pullback appears likely.
Technical indicators remain bullish:
A minor retracement toward $88,000–$89,000 could precede a consolidation phase before Bitcoin targets $96,000 and eventually the psychological $100,000 mark.
Bitcoin remains in a strong position. Tactical patience and disciplined risk management will be key to capitalizing on the next major move.
Technical indicators remain bullish:
- Price holds above the 21-EMA and 30-SMA, both beginning to slope upward.
- Quarterly VWAP levels at $89,485 and $84,484 provide strong support.
- The Volume Profile suggests heavy buyer interest around $84,000–$86,000.
A minor retracement toward $88,000–$89,000 could precede a consolidation phase before Bitcoin targets $96,000 and eventually the psychological $100,000 mark.
Bitcoin remains in a strong position. Tactical patience and disciplined risk management will be key to capitalizing on the next major move.
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