TLDR
- Bitcoin currently deals around $ 95,700 with a market value of $ 1.89 trillion, showing consolidation after the last attempts to break $ 100,000
- Key resistance levels established at $ 96,500, $ 97,200 and $ 98,000, with critical support for $ 94,000- $ 95,000 interval
- The latest price action saw BTC Peak at $ 109 356 before retreating to $ 89,164, now stabilized about $ 96,000
- Technical indicators showing mixed signals, with RSI at 44 and neutral momentum indicators suggesting potential for movement in either direction
- Trade volume has decreased during the recent draw
Bitcoin’s price measure has entered a consolidation phase near the level of $ 96,000, as the leading Cryptocurrency continues to face resistance during the psychological $ 100,000 brand. New market data shows Bitcoin trading to $ 95,700, with a total market capitalization of $ 1.89 trillion and a 24-hour trade volume of $ 13.51 billion.
Cryptocurrency recently tried to break the level of $ 100,000 but met a strong sales pressure, which led to a rejection close to $ 99,481. This rejection triggered a new decline and pressed prices under several important support levels including $ 98,000 and $ 96,000, before finding temporary support around $ 94,888.
Technical analysis of Daily Chart reveals that Bitcoin previously reached a local top close to $ 109 356 Before you experience a significant return to about $ 89,164. The market has then stabilized around the level of $ 96,000, with the range of 89,000 to $ 91,000 that establishes itself as a crucial support zone.
The four -hour chart shows Bitcoin’s latest attempt at recovery after a decline to $ 93,340. Cryptocurrency rally managed to $ 99 508 but failed to maintain speed and then retreated to the level of $ 96,000. Current resistance levels are firmly established at $ 98,000 and $ 99,500.
Short-term price measures on the Timdiagram indicate immediate resistance close to $ 96,500 level. A connecting baisse -like trend line has been formed with resistance of $ 96,400, which indicates continued sales printing at these levels. The first major resistance zone is displayed at $ 97,200 and coincides with 50% Fibonacci retracing level.
Volyman analysis shows a declining trend during the recent return, which some traders interpret as potential fatigue of sales pressure. This pattern often precedes potential price reversals, although confirmation through increased volume of purchases would be necessary to validate this interpretation.
Technical analysis
The market’s technical indicators present a mixed image. The relative strength index (RSI) currently sits at 44, while the stochastic oscillator reads 45, both suggest neutral market conditions. Commodity Channel Index (CCI) at -100 also indicates neutral territory, although somewhat is leaning somewhat baissertat.
Moving averages on lower time frames suggests baissertated pressure, with the 10-period exponentially variable average to $ 96 599 and the simple variable average value to $ 96 601. However, the 100-period and 200-period’s moving averages continue to indicate a positive long-term potential.
Support levels have established themselves at $ 95,500 and $ 95,000, with additional backup support close to $ 94,200. A break below these levels can potentially trigger a movement against $ 93,500, with the main support resting at $ 92,400.
The hour MACD (moving average convergence diver) shows signs of gaining momentum in the hausse -like zone, which contrasts with other baisse -like indicators. This divergence in technical signals suggests potential volatility in the future.
Traders seem to look at the $ 98,500 level close, as a decisive interruption above this point can open the road to $ 100,000 to $ 104,000 interval. Conversely, a division below $ 93,000 can increase the risk of a deeper correction against the $ 89,000 region.
New price information indicates an intraid trading between $ 94,805 and $ 96,684, which highlights the current consolidation phase. The narrow trade area suggests accumulation or distribution activity, although the direction of the possible outbreak remains unclear.
The market participants carefully monitor volume patterns for confirmation of the next major move. A long -term increase in trade volume would probably be necessary to support any decisive outbreaks from the current range.
The $ 95,000 to $ 95,000 zone has emerged as a critical area for traders, with many who see this range as a potential opportunity for long positions aimed at $ 98,000. However, risk management remains decisive given the current market conditions.
The latest market data shows Bitcoin Maintaining its position above the subsidy level of $ 95,000, with immediate resistance of $ 96,500 continues to meet upward movement. Trade volume amounts to $ 13.51 billion over the past 24 hours, which reflects moderate marketing activity.
