$BTC Technical Analysis

The correction in BTC from the $94,789 resistance zone has found support at the moving averages, indicating that buying pressure emerged during the price decline.

The bulls will seek to consolidate their position by pushing the price of Bitcoin above $94,789. If successful, the BTC/USDT pair could surge to $100,000, then to $107,500. This development would indicate that the correction phase may have ended.

Conversely, if the price reverses and falls from $94,789 and breaks through the moving averages, it would suggest that the bears are still actively trading at higher price levels. In that case, BTC could continue to trade sideways in the $84,000 – $94,789 range.

BTC
BTCUSDT
92,950.4
-2.25%