Bitcoin Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The current price of BTC/USD is around 92,942, which is just below a major psychological and technical level. The overall trend on the 4-hour chart shows a clear uptrend, with higher highs and higher lows, but recently the market has entered a corrective phase after failing to break above the 97,500 resistance level.



The key resistance levels are 97,595, which is the recent swing high, and if Bitcoin can break above this, the next target would be 100,000. There's also an intermediate resistance at 94,345, which has acted as a ceiling for the current recovery attempt. On the support side, the immediate support zone is around 92,900 to 93,000. If BTC stays above this, the short-term bullish trend remains intact. However, if it breaks this level, the next support level is around 90,200, which is a significant historical bounce zone. The RSI is currently at 51, indicating a neutral market with no strong overbought or oversold conditions. The most recent candles show wicks at both ends, indicating indecision in the market, particularly around the 93,000 pivot point.

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