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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.