#BTCOutlook
Bitcoin's recent performance shows a bullish trend with the price currently at $95,864.26, slightly down by 1.13% but still near its peak for the day.
Moving Averages: The price is above both the 25-day and 99-day moving averages, indicating strong bullish momentum. The short-term MA (25) is also above the longer-term MA (99), reinforcing this trend.
Volume: There's a noticeable increase in trading volume, which could suggest strong buying interest and potential for continued upward movement.
Indicators: The chart shows various technical indicators (MA, EMA, BOLL, SAR, AVL, VOL, MACD, RSI) which might be mixed but generally point towards momentum. For instance, the RSI might not be visible here, but typically, in such scenarios, it could be nearing overbought territory, signaling caution for potential pullbacks.
Support and Resistance: Current levels around $95,864 might act as resistance; if Bitcoin breaks through, we could see a push towards psychological barriers like $100,000. Support looks to be around the recent lows and moving averages.
Market Sentiment: With a 66% buy order in the order book, there's a clear bullish sentiment, though the sell side isn't negligible.
Given this setup, Bitcoin might face some resistance at its current level but breaking through could see it aiming for new highs. Conversely, failure to hold above these levels could lead to a test of lower support zones
I'm still bullish waiting for Trump setup for the Whitehouse on Jan . to the moon .
