Bitcoin Analysis (FOR tomorrow)
Bitcoin is currently trading at $95,875, reflecting a slight decrease of 1% in the past 24 hours. The intraday high was $97,207, and the low touched $93,712, showing a range-bound movement.
Right now, Bitcoin is testing the $96,000 resistance level. If this level is broken with strong volume, the next targets are $98,500 and potentially $100,000, which will act as a psychological barrier. Breaking above this level could trigger a significant bullish run.
On the downside, if Bitcoin fails to hold its current support at $93,700, we might see a retracement toward the $91,000 level. The $90,000 support is crucial for maintaining bullish momentum in the medium term. Indicators such as RSI are currently in the neutral zone, suggesting no immediate overbought or oversold conditions.
For now, Bitcoin remains in a critical range. Traders should watch for strong price action around key resistance and support levels before entering any trades.
