BTC: Bulls and bears fight for the next market trend🙄🙄
$BTC
Bulls' View:
Bitcoin's current consolidation around $94,000 hints at a potential bullish breakout, especially if the price definitively breaks above $95,800 with strong volume. The resilience of the $91,000 support and the long-term uptrend strengthen the bullish outlook for upside momentum. A break above $96,000 could attract fresh buying interest, paving the way for a test of higher resistance levels.
Bears' View:
Persistent bearish indicators, such as the downward pressure signaled by the short-term SMAs, highlight the risk of further downside. A break below $93,500 could intensify the sell-off, with the $91,000 support level acting as a key defense. Failure to hold this level could result in deeper losses as bearish momentum consolidates its influence in the market.