- Daily Chart: Bitcoin Maintains Short-Term Support Level:

Bitcoin's price stabilized above the support level at $93,000 USD at the time of writing this report on Tuesday, after a correction from its high on Monday at $94,789. The Relative Strength Index (RSI) at 63 on the daily chart indicates the beginning of weakness, which may reflect profit-taking following the sustained price increase since Thursday.
Bitcoin, the largest cryptocurrency by market capitalization, is also trading above the 50-day Exponential Moving Average (EMA) at $91,723 USD, suggesting a slight advantage for buyers over sellers.

The Moving Average Convergence Divergence (MACD) on the same daily chart supports a short-term bullish outlook for Bitcoin. Investors are likely to increase their investments as long as the blue MACD line maintains a positive divergence above the red signal line, and the green histogram bars continue to expand above the average line.

Daily Chart of BTC/USDT Pair

A close above the 100-day Exponential Moving Average at $96,651 will confirm the potential for Bitcoin to recover toward $100,000. However, a close below the 50-day Exponential Moving Average may encourage excessive profit-taking, increasing the risk of a prolonged decline below $90,000.