Current Price: $90,700 (+4%)
📊 Technical Overview
• 200-Day MA: $88,356 – BTC is trading above it → Bullish sign
• RSI: 78 – Overbought zone → Possible pullback
• Resistance: $90,000 – Key psychological level
• Support: $85,000 – Watch this level on retracement
🔗 On-Chain Insight
• Long-Term Holders: Some distribution happening → Profit-taking
• Network Activity: Steady → Healthy usage
• Sentiment: Bullish → Weak USD + institutional inflows
🧠Macro & Fundamentals
• U.S.–China tensions + Fed uncertainty → BTC seen as safe haven
• Institutions are increasing their exposure → Positive market signal
✅ Summary:
BTC shows strong bullish momentum, but RSI is overheated. Stay alert for potential short-term correction. Key levels: $85K support / $90K breakout.
📊 Technical Overview
• 200-Day MA: $88,356 – BTC is trading above it → Bullish sign
• RSI: 78 – Overbought zone → Possible pullback
• Resistance: $90,000 – Key psychological level
• Support: $85,000 – Watch this level on retracement
🔗 On-Chain Insight
• Long-Term Holders: Some distribution happening → Profit-taking
• Network Activity: Steady → Healthy usage
• Sentiment: Bullish → Weak USD + institutional inflows
🧠Macro & Fundamentals
• U.S.–China tensions + Fed uncertainty → BTC seen as safe haven
• Institutions are increasing their exposure → Positive market signal
✅ Summary:
BTC shows strong bullish momentum, but RSI is overheated. Stay alert for potential short-term correction. Key levels: $85K support / $90K breakout.
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.
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.