BTC is now going in a step-by-step repair trend – the current price is hovering around $91,180. Technically, it is just stuck below the 25-hour moving average ( about 92,130), but it stands firmly above the 99-hour moving average ( about 90,727), so the overall bias is cautiously bullish.
Looking up, if you can break through the range of 92,500 to 93,000 cleanly, then the space above 94,000 or even 96,000 will be opened. Downwards, the first line of defense is at 90,700(, which is ) the 99 moving average, and stronger support is near the previous low of 83,823.
The volume is a bit interesting - there was indeed a buying explosion when it rose, but now it has gradually shrunk. However, as long as the price can hold the 99-hour moving average, the trend is still bullish. In the short term, it depends on whether it can stand firmly above 92K, which is considered to be truly stable.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
5
Repost
Share
Comment
0/400
SelfMadeRuggee
· 3h ago
92K has been stuck for so long, I bet it can break through this time... If not, go eat noodles
View OriginalReply0
ConsensusBot
· 3h ago
92K is a threshold, if it breaks, it will be hi, and if it can't be broken, it will have to admit it
View OriginalReply0
HashBandit
· 3h ago
tbh the volume drying up on this push is giving me mining ptsd vibes... back in my gpu days we'd see the exact same pattern right before things got sideways for weeks lol
Reply0
OnchainSniper
· 3h ago
Can the 92K threshold be broken? I feel like I'm grinding the disc now, and how can I flush it when the volume shrinks
View OriginalReply0
SchroedingerGas
· 3h ago
92k has been stuck for so long, and I feel that the 99 moving average has become a line of life and death, and it is really over when it is broken
BTC is now going in a step-by-step repair trend – the current price is hovering around $91,180. Technically, it is just stuck below the 25-hour moving average ( about 92,130), but it stands firmly above the 99-hour moving average ( about 90,727), so the overall bias is cautiously bullish.
Looking up, if you can break through the range of 92,500 to 93,000 cleanly, then the space above 94,000 or even 96,000 will be opened. Downwards, the first line of defense is at 90,700(, which is ) the 99 moving average, and stronger support is near the previous low of 83,823.
The volume is a bit interesting - there was indeed a buying explosion when it rose, but now it has gradually shrunk. However, as long as the price can hold the 99-hour moving average, the trend is still bullish. In the short term, it depends on whether it can stand firmly above 92K, which is considered to be truly stable.