📊 Bitcoin Market Overview
price is hovering around ~$89–90 K, slightly below key resistance levels after recent selling pressure. �
FXStreet +1
The market is in a consolidation range, with buyers defending support near the $88 K–$89 K zone and sellers active under resistance. �
Brave New Coin
Macro uncertainty (e.g., risk-off moves in broader markets and ETF outflows) is weighing on price action. �
ig.com +1
📈 Technical Signals
Short-term charts show mixed momentum: some analysts see potential for a rebound if BTC breaks resistance around $96 – 98 K, while failure to hold current support could push price lower. �
MEXC +1
RSI and moving averages indicate neutral to mildly bullish structure if BTC can reclaim above recent mean levels. �
MEXC
Volume remains subdued, signaling indecision and likely range-bound trading until a catalyst emerges (Fed decisions, macro news, or institutional flows). �
Forex
📉 Near-Term Scenarios
Bullish breakout
✔ Close above ~$96 K could target $100 K+ next. �
MEXC
Range-bound / neutral
↔ BTC holds $88K–$90K and trades sideways as weak momentum continues. �
StatMuse
Bearish risk
✖ Break below $88 K resistance could push toward lower support (~$82 K). �
techjuice.pk
🧠 Summary
Bitcoin’s price is consolidating near $90 K with short-term volatility and mixed market sentiment. Institutional flows and macro data remain key drivers this week. A decisive break above resistance could reignite bullish momentum, while a break below support risks a deeper pullback. �
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