Recently, Bitcoin has pulled back after a rally on the daily chart, with the 95,000 level facing significant resistance. However, from a broader perspective, the price still firmly remains above the MA60 moving average, and the upward trend is still intact.
In the next couple of days, the key focus should be on the 90,000 support level, which also coincides with the location of the MA60. Once the MACD indicator fully crosses above the zero line, it indicates that the bullish momentum has accumulated enough, and at that point, Bitcoin is likely to challenge the 95,000 level again.
The recent market has been oscillating between 90,000 and 95,000, so patience is needed while waiting for the market to make a clear decision.
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On-ChainDiver
· 17h ago
If 90,000 can't be broken, we still have to wait a bit longer. This wave of volatility is a bit exhausting.
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AirdropHarvester
· 01-08 05:21
If I can't hold 90,000, I'll just laugh. This time, either go up to 95,000 or turn around directly.
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RugpullAlertOfficer
· 01-07 23:53
If 90,000 can't be broken, it probably will just consolidate again. So annoying.
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ContractBugHunter
· 01-07 23:49
If I can't break 90,000, I don't believe the bulls. If this MACD really crosses above the zero line, I'm going all in.
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TommyTeacher1
· 01-07 23:44
Breaking 90,000 would be troublesome; we have to hold on tightly.
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StablecoinEnjoyer
· 01-07 23:44
If we can't break 90,000, we still have to keep taking hits.
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BlockchainDecoder
· 01-07 23:41
From a technical perspective, this analysis overlooks a key issue — if the 90,000 support level is broken, how much room is there below? Data shows that in similar historical patterns, the price often directly tests 87,500. It is recommended not to rely too heavily on a single moving average for judgment.
Recently, Bitcoin has pulled back after a rally on the daily chart, with the 95,000 level facing significant resistance. However, from a broader perspective, the price still firmly remains above the MA60 moving average, and the upward trend is still intact.
In the next couple of days, the key focus should be on the 90,000 support level, which also coincides with the location of the MA60. Once the MACD indicator fully crosses above the zero line, it indicates that the bullish momentum has accumulated enough, and at that point, Bitcoin is likely to challenge the 95,000 level again.
The recent market has been oscillating between 90,000 and 95,000, so patience is needed while waiting for the market to make a clear decision.