Bitcoin is a break after Bull Dynamics: Find our complete analysis and current BTC technical perspectives.
In short
- Technical analysis BTC/USD: Bitcoin remains ascending despite the consolidation phase. The slowdown of momentum and a decrease in volume requires short -term caution.
- Bitcoin technical levels (BTC): The price develops between close resistors that are likely to block increase and solid supports that offer accumulation areas in case of correction.
- Market feeling: The feeling is clearly optimistic, carried to the risk of risk and positive institutional flows through a bitcoin spot ETF.
- Derivative analysis (BTC/USDT): Derivative market indicators show a neutral, stable market without taking a clear position or remarkable tension between buyers and sellers.
- Forecasts for Bitcoin Course (BTC): Haussier The scenario prevails for as long as support is held, but other macroeconomic decisions will be essential for confirmation or reversal of the trend.
BTC/USD Technical Analysis
Bitcoin consolidates around $ 94,192 since its pressure on April 23 and launches a remarkable recovery. The weekly variation is determined at +0.53 %, which means a break after a strong reflection +10 % in the previous week, which is a sign of the respiratory market. Weekly volumes dropped to 32 billion (-28 %), which reflected shortness of breath. Trends remain up on three horizons: long -term (SMA 200) with intact, medium term (SMA 50) dynamic in bulls and short -term (SMA 20) confirming the same short -term trend. Momentum, however, is withdrawal, which in the short term requires caution.
| Indicator | State | Comment |
| Spot price | 94 192 $ | Bitcoin has consolidated since his turn 23 April around $ 94,000 after a remarkable recovery began. |
| The latest weekly variations | + 0.53 % | A slight increase in this week after a jump of +10 %, a sign of the respiratory market. |
| The last week’s volumes | 32 Mrd (-28%) | Streaming activity after the bull momentum of the previous week |
| Trend with a long term (SMA 200) | Up | Intact trend, support of positive long -term bias. |
| Middle Trend (SMA 50) | Up | Bull’s conversion in construction |
| Short -term trend (SMA 20) | Up | Confirms the recent and fast upward dynamics |
| Mobility | Fold | Momentum Haussier, but withdraw and translate slowing on the market. |
Bitcoin Technical Level (BTC)
| Indicator | States | Comment |
| Resistance | 99 000 $ – $ 100,000 / 102 500 | Critical areas, potential Prague distribution. |
| Support | 91 700 $ / 82 800 $ | Main levels of defense, probable accumulation zone. |
| The last daily break | 88 745 $ | Rézistenance crossed, the distorted bias was revived. |
| Monthly beer | 88 177 $ | Reference level for the trend of the month under the course. |
| High -value area | 96 500 $ | High volume area; The upper terminal of the market balance, which may occur imbalance. |
| Low -value area | 67 340 $ | High volume area; Low limit of market balance, which may occur imbalance. |
Bitcoin develops between key technical levels. The main resistors are between $ 99,000 and $ 100,000, with an extension to $ 102,500, critical distribution areas. The main supports of $ 91,700 and $ 82,800 are likely to be defense and accumulation. A recent break of $ 88,745 in daily workers gives distortion. The monthly swivel point at $ 88,177, now at the price, confirms this positive dynamics. In the volume, the area with a high value of $ 96,500 is marked with a higher balance terminal, while the area with a low value of $ 67,340 is the imbalance threshold in the event of a download.
Feeling of market
| Feeling of market (The index of fear and greed) | Greed | Euphoric feeling that confirms the return of taste to risk. |
| FLOW ETF BTC Spot (network streams) | Tide | Institutional flows support the current trend. |
The market sensation remains marked with greed and confirms the return of taste to risk. ETF bitcoin point recording of a significant pure inflow that emphasizes institutional support of the current trend.
The current technical analysis was carried out in cooperation with ElyfeAND 0xhugzerInvestors and popularizers on the cryptocurrency market.
Derivative analysis (BTC/USDT)
| Indicator | State | Comment |
| Open interest | Stable | Limited speculative placement, no determined belief. |
| CVD | Balance | No direction signal, flow flow flow and balance. |
| Disposal | Weak, without bias | Stable disposal, no surrender signal. |
| Financing rate | neutral | Funding close balance, market without apparent tension. |
The indicators of the market feeling remain neutral and are not very devoted. Open interest remains stable, reflecting limited speculative placement and lack of significant beliefs. CVD indicates balanced purchases and sale flows without a clear direction signal. The level of liquidation remains low, without significant distortion or a sign of surrender. Finally, the level of funding is a neutral, close to the balance that testifies to the market without apparent tension between buyers and sellers.
| Indicator | State | Comment |
| Sale of liquidation zone | ≈ $ 98,000 – $ 100,900 and $ 107,200 – 110 551 $. | Sensitive areas in case of escape, risk of motion enhancement. |
| Buyer liquidation area | ≈ 92 600 $ / 89 300 $ – 88 500 and 87 700 $ – 85 570 $ / 84 000 $ – $ 80,000. | Reduce critical thresholds, potential flushing areas. |
The main areas of liquidation for sales positions are between $ 98,000 and $ 100,900, then between $ 107,200 and $ 110,551. Crossing these critical levels could strengthen the bull acceleration. On the contrary, the purchase area of the purchase position ranges from $ 92,600 to $ 89,300, then between $ 88,500 and $ 87,700, as well as $ 85,570, and finally between $ 84,000 and $ 80,000, which is the last interval without the buyer’s support.
Forecasts for a bitcoin course (BTC)
Haussier Screenplay:
- Conditions: Maintenance over $ 91,700.
- Objectives: 97 920 $ / 99 000 $ – $ 100,000 / 102 500 $ / 107 000 $ – 109 354 $ (ATH).
- Potential: approximately +16 % increases from the current level.
Lower scenario:
- Conditions: interruption of support to $ 91,700.
- Objectives: 92 600 $ / 89 300 $ / 86 400 $ / 84,000 $ – $ 80,000.
- Potential: approximately -15 % decreases from the current level.
Comment:
The bullshit is currently bull, but macroeconomic indicators (FOMC conference, interest rates decision, etc.) will definitely verify this scenario.
Conclusion
Bitcoin maintains ascending dynamics, despite the break after its recent flight. Momentum slows down and the activity retreats and requires short -term caution. The feeling remains favorable, supported by the interest of investors in the stable market. Future short -term variations will depend on the expected economic reports. In this context, it will be necessary to carefully monitor the strategic price response to confirm or modify the current forecasts.
Finally, remember that these analyzes are only based on technical criteria and that cryptocurrencies can develop rapidly according to other basic factors.
Are you interested in this study? Find our latest Solana analysis.
Maximize your Cointribne experience with our “Read to Earn” program! For each article you read, get points and approach exclusive rewards. Sign up now and start to accumulate benefits.
Elyfe specialist in technical analysis decrypts graphic trends on the markets of cryptocurrencies with strict and constantly evolving approach. Through its detailed analyzes, it brings an enlightened view of prices dynamics, helps investors and enthusiasts better understand and predict market movements.
The provisions of unwavering:
The content and products listed on this page are in no way approved by Cointtribunian and should not be interpreted as responsibility.
Cointribune seeks to communicate all available information to the readers, but cannot guarantee its accuracy and exhaustion. We invite the reader to find out before any event concerning the company and also take full responsibility for their decision. This article cannot be considered as investment advice, offer or invitation to purchase all products or services.
Investments in digital financial assets include risks.
Read more
