BTCUSD

Bitcoin trades below the 97,500 resistance level, and prices are likely to break above it to target the 98,000 level. This scenario would be invalidated if the 94,500 support level is broken during today’s trading.
|
Support |
94500 | 89730 |
| Resistance | 97500 |
98000 |
Bitcoin showed positive performance during today’s trading, benefiting from improved risk appetite and a return of buying momentum after a period of consolidation. The recent advance was supported by price stability above key support zones, reflecting continued investor preference for holding positions rather than engaging in rapid profit-taking. Current price action points to an attempt to build a new bullish base, though momentum still requires a clear breakout above nearby resistance levels to confirm trend continuation. On the fundamental side, Bitcoin remains sensitive to movements in the U.S. dollar and expectations around U.S. monetary policy, leaving near-term performance dependent on global market sentiment and liquidity flows into risk assets.
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