Bitcoin holds above $90,000 support, gaining 0.84%, with $98,000 highlighted as the next resistance target.
RSI signals moderate bullish momentum, while the Golden Cross confirms sustained uptrend potential.
Consolidation near $91,000 suggests accumulation, with strong technicals hinting at a rally toward $95,000 resistance.
Bitcoin's price action continues to gain, with DrProfitCrypto emphasizing critical zones for traders. According to the analyst, Bitcoin's trend shows potential opportunities, suggesting that long positions could be favorable if the price revisits key levels. Bitcoin’s movement shows a steady climb, with notable support and resistance zones shaping market sentiment.
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Steady Uptrend and Key Support Zones
At press time, Bitcoin was trading at $91,672, a 0.84% gain in the past 24 hours, with higher lows confirming its upward trend. The price has remained resilient above a crucial $90,000 support zone. This level has repeatedly shown strength, with previous bounces suggesting solid buyer interest. Immediate support has also emerged near $91,000, adding to the bullish outlook.
Further upward movement may target the $98,000 zone, highlighted as a significant resistance level. This projection aligns with the current trend of gradual price increases and steady momentum. The price action reveals buyers’ control, with consistent green candlesticks confirming positive sentiment.
Indicators Highlight Bullish Momentum
Bitcoin’s consistent positioning above the moving average suggests a sustained rally. Despite minor resistance in the current range, bullish pressure remains intact, as small-bodied candles with wicks indicate temporary pauses rather than trend reversals.
The 50 EMA at $87,922 provides immediate support, while the 200 EMA at $77,241 reflects long-term strength. Their alignment demonstrates a bullish "Golden Cross," indicating potential for continued upward momentum.
Source: BingX
The RSI, sitting at 56.94, shows moderate bullish sentiment without signaling overbought conditions. This suggests room for further gains as traders focus on resistance at $91,883 and the psychological $95,000 mark.
Market Outlook and Short-Term Focus
Bitcoin is poised for a breakout, supported by solid technicals and trader interest. The consolidation around $91,000 suggests a build-up for the next move. While support levels remain strong, risks of corrections persist if the price dips below the 50 EMA. However, the current setup points toward bullish continuation, with $95,000 in sight.
