Bitcoin's Next Move: Analyzing Bullish Divergence Amidst Market Volatility

Bitcoin is trading around $93,590 after a sharp retracement from recent highs. In today's analysis, we’ll break down the current price action, key support and resistance zones, and a potential bullish divergence spotted on the 1-hour chart.

📊 Market Overview

On the daily chart, $BTC has been consolidating within a broad range, rejecting $99,500 as resistance while holding support around $93,300 - $91,700. We are currently testing a critical demand zone, highlighted in orange, where price has previously reacted strongly.

Zooming into the 1-hour chart, Bitcoin has been forming lower lows in price, but the RSI shows higher lows, signaling a potential bullish divergence that could lead to a relief bounce.

📍 Key Levels

📌 Resistance:

$95,856 - First key resistance

$97,486 - Mid-range resistance

$99,500 - Major resistance zone

📌 Support:

$93,399 - Immediate support

$91,747 - Key demand level

$85,840 - Major downside support if breakdown occurs

🔎 Bullish Divergence on the 1H Chart

Looking at the 1-hour RSI, we can see that: ✅ Price is making lower lows

✅ RSI is making higher lows

This indicates bullish divergence, suggesting potential strength from buyers in this demand zone. If BTC holds above $93,300, we could see a move back toward $95,300 - $97,500.

Bullish Divergence 1H

💡 Takeaway

$BTC is at a key support zone and forming bullish divergence.

A break above $94,738 could confirm upside momentum.

If BTC loses $91,700, further downside toward $85,800 is likely.

Technical analysis 1D

🎯 Trade Setup

📈 Long Entry: $93,500 - $93,800

🎯 Target: $95,300 - $97,500

🛑 Stop Loss: Below $91,700

#Bitcoin is at a decision point! Will buyers step in to push prices higher, or will sellers take control? Let me know in the comments what you think, and don’t forget to like & follow ( @ThinkALTCOIN )