The price of Bitcoin fluctuates around $93,883.99. The current price has decreased by 1.05% compared to the previous period, indicating a short-term downward trend in the market. MA (5) is $93,883.99, MA (7) is $94,971.11, and MA (30) is $95,313.00.
The short-term moving averages (MA (5), MA (7)) are below the long-term moving average (MA (30)), which may indicate a downward short-term trend, and the market is in a short-term bearish state.
There is some support around the price of $93,883.99, with multiple rebounds at this price level.
Short-term resistance levels may be around MA (7) and MA (30), which are approximately $94,971.11 and $95,313.00. Bitcoin is currently in a short-term downward trend, with short-term moving averages below the long-term moving average.
The volume has increased during the price decline, indicating significant selling pressure.
Support is around $93,883.99, and resistance is around $94,971.11 and $95,313.00.