Bullish Analysis: Despite short-term bearish pressure, Bitcoin remains above key support at $94,000, with the Moving Average Convergence Divergence (MACD) hinting at possible upside momentum. If buyers can push prices above $98,000 and sustain a breakout above $100,000, Bitcoin could regain bullish dominance, targeting $102,000 and higher.
Bearish Analysis: The formation of lower highs across multiple timeframes, coupled with selling pressure reflected by moving averages and momentum indicators, suggests continued downside risk. If Bitcoin fails to hold above $94,000, a break below $91,000 could trigger further declines, approaching long-term support levels, reinforcing the current bear trend.
Traders should watch price action around these levels for confirmation of the next directional move.
BTCUSD BTCUSD BTCUSD BTCUSD BTCUSD BTCUSD 
BTCUSDT BTCUSDT.P
Bearish Analysis: The formation of lower highs across multiple timeframes, coupled with selling pressure reflected by moving averages and momentum indicators, suggests continued downside risk. If Bitcoin fails to hold above $94,000, a break below $91,000 could trigger further declines, approaching long-term support levels, reinforcing the current bear trend.
Traders should watch price action around these levels for confirmation of the next directional move.
BTCUSD BTCUSD BTCUSD BTCUSD BTCUSD BTCUSD BTCUSDT BTCUSDT.P 
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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.