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Good afternoon everyone
It's been nearly a week since I last updated you all, and I guess everyone is getting anxious. Without further ado, let's analyze the current overall trend of BTC.
The price of Bitcoin is currently in a consolidating pattern. Yesterday, the price initially pulled back and then resumed upward. The recent high resistance is around 94,588. The price remains within the four-hour upper and lower channels, currently trading in the mid-upper band. The Bollinger Bands are opening upward, and the MACD indicator on the chart is turning upward. The bullish momentum is starting to expand. There is still room for further upward movement, so the outlook remains bullish for the day.
Look for a gradual rebound in the range of 91,600-91,100 for a bullish continuation, with a target around the 94,500 level.