BTCUSD Struggles to Gain Strength

BTCUSD (Bitcoin) Buyers Hold Back in their Pursuit

BTCUSD buyers continue to hold back in their pursuit, struggling to build momentum. The Bitcoin market remains under pressure, with the cryptocurrency failing to establish a strong bullish push. BTCUSD remains trapped below the mid-level of the Bollinger Band at the $97,420 key level, reflecting ongoing consolidation and weak buying pressure. Despite previous attempts to rally, Bitcoin has been unable to break past the $107,770 resistance zone.

Bitcoin Key Levels:

Resistance Levels: $102,000, $107,770
Support Levels: $97,420, $90,000
Bitcoin’s bullish momentum has been fading for weeks, with buyers struggling to establish control in the market. The Bollinger Band indicator shows BTCUSD hovering around its mid-level, signaling uncertainty. If buyers successfully push beyond this level, Bitcoin could gain traction for a stronger upward move.

However, if bearish pressure intensifies, a drop toward $90,000 remains a possibility. The Stochastic Oscillator is currently trading around the 50.000 level, reflecting market indecision and a lack of clear momentum from either side.

Bitcoin remains in a consolidation phase, struggling to generate enough bullish strength for a breakout. If the price pushes beyond $102,000, buyers may regain control, leading to a potential retest of $107,770. On the other hand, failure to hold the $97,420 support level could trigger another bearish move, sending BTCUSD toward $90,000 in the coming sessions.

Market Expectation

On the 4-hour chart, Bitcoin remains range-bound, with neither buyers nor sellers taking clear control. The Stochastic Oscillator reflects hesitation, as buyers have yet to make a decisive move. Traders relying on crypto signals will be closely watching for confirmation of Bitcoin’s next major move.
A breakout above $100,000 could attract stronger bullish participation, while a drop below $97,000 may fuel further downside momentum.

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