Bitcoin is showing signs of a strong comeback. Check out our full analysis and the current technical outlook for BTC.
BTC/USD shows signs of steadying below a major resistance level after a powerful bounce of around 10%. Trading volume has grown, and the bullish trend is clear across all time frames.
For derivatives trading, BTC/USDT, speculative activity has picked up again. Open interest is rising, buyers are in control, a short squeeze is happening, and the funding rate is moderately positive.
In terms of price predictions, a bullish view holds if BTC stays above $91,600. In this case, targets could rise to about $109,354. If the price drops below this level, there’s a risk of a pullback towards $74,500.
The technical setup still looks strong, but future moves will depend on how the market reacts to key price zones and overall economic news.
Bitcoin is showing upward momentum thanks to solid technical gains and growing interest. The trend stays positive as long as key support levels hold. It’s important to watch how the price reacts at certain levels and how macroeconomic factors play out. These reactions will help confirm or change current forecasts.
Remember that these predictions are based only on technical analysis. Cryptocurrency prices can change quickly due to other factors.