The price of #bitcoin is at around 96,443 USDT.
After three days$BTC gradually gained price. Now it is at the stage of a small correction.
Moving Averages (EMA):
EMA(7) is above EMA(25) and EMA(99), which is usually a signal for growth. However, they are close to each other, which indicates a possible consolidation or decline.
RSI Indicator:
RSI (43.5) is in the neutral zone but closer to oversold, which may indicate a possibility of a reversal upwards.
MACD:
The MACD histogram shows weak negative dynamics, indicating a slowdown in growth.
Demand exceeds supply, so I expect another pump upwards.
Forecast$BTC
If the price holds above 95.910 (minimum for 24 hours), a bounce up to the level of 97.822 (maximum for 24 hours) can be expected.
In case of a breakout below 95.910, a decline to the next strong support level around 93.500 can be expected.