Bitcoin $BTC is currently trading around $94,238.80, with a 1.3% decrease in the last 24 hours. The cryptocurrency has been experiencing volatility, with a 7-day range of $93,753.39 to $96,564.19.
*Key Observations:*
- _RSI_: Near 35, indicating oversold conditions
- _MACD_: Flattening after an extended downtrend, suggesting potential inflection points
- _Fear & Greed Index_: 22, indicating extreme fear
*Possible Scenarios:*
- _Bullish:_ Break above $100,000 could lead to further gains, targeting $108,000-$116,000
- _Bearish:_ Drop below $92,000 may trigger a sell-off, exposing BTC to $85,000-$79,000
According to analysts, $BTC price is influenced by institutional outflows, technical breakdowns, and market sentiment. The cryptocurrency is testing critical support levels, and its next move will depend on whether it can regain footing above $95,000.
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