$BTC

Chart Analysis - 4-Hour Timeframe.

The current price of Bitcoin is 95,233 USDT, with a positive variation of 1.92% in the last 24 hours. It is observed that the price reached a low of 91,203.67 USDT before starting a recovery movement.

The moving averages (MA) indicate a short-term setup still with a bearish bias (MA7 < MA25 < MA99). However, the slope of the MA7 shows a slight upward crossover, suggesting a potential start of an uptrend in the short term.

The RSI (6) is at 59.43, indicating neutral to slightly bullish strength, but still far from overbought conditions. The MACD, on the other hand, shows signs of reversal, with histogram bars decreasing, although the DIF and DEA are still in negative territory.

The trading volume in the last 24 hours is significant, which may support continuation movements. If the price breaks the resistance around 95,700 USDT, the next target would be around 98,200 USDT. A break of the support at 93,160 USDT could lead to a larger correction.

🚨Not an expert, do your own research 🚨