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Bitcoin (BTCUSD) Remains in a Consolidation Phase
Bitcoin buyers continue to struggle to regain control, as BTCUSD faces persistent selling pressure. Buyers have been unable to sustain momentum at the $95,600 key level, keeping the market in a consolidation phase. Sellers maintain dominance, limiting the bulls’ ability to push the price higher.
Bitcoin Long-Term Trend: Bearish (Daily Chart)
Key Levels
Support Levels: $95,600, $91,000
Resistance Levels: $100,000, $107,000
The Momentum Indicator remains flat, signaling a lack of strong directional movement. Meanwhile, the Moving Average Crossing Indicator suggests that sellers are still in command. For buyers to regain control, BTCUSD needs to break and sustain movement above $100,000.
Bitcoin’s current consolidation suggests that a breakout is approaching. A decisive push above $100,000 could signal a bullish resurgence, while failure to hold $95,600 may lead to further declines toward the $91,000 support level. Until a clear breakout occurs, traders should monitor momentum indicators and crypto signals for signs of increasing volatility.
Market Expectation
On the 4-hour chart, Bitcoin remains in a tight consolidation phase, with low volatility keeping price action restrained. A break above $98,000 could give buyers the momentum needed to push higher, while failure to hold $95,600 could trigger a sell-off toward $91,000.
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