Technical Analysis of Bitcoin (BTC/USD)
The Bitcoin price is currently trending within an upward price channel, as highlighted on the daily chart. The price is above key moving averages, indicating sustained bullish momentum.
Key Observations:Support Levels:
$88,951
$87,935
$86,627
Resistance Levels:
$90,912
$93,224
The asset is approaching resistance near the top of the channel. If the price breaks above $93,224, we may see further upward movement. However, failure to break through could lead to a short-term pullback to test lower support levels.
Candlestick Patterns & Trend:Recent candles su