$BTC Bitcoin is currently trading around $89,990, showing a mild recovery after a sharp pullback from the recent high near $97,900. Price bounced from the $87,200 support area, which aligns with the lower Bollinger Band, indicating short-term buying interest.
The Bollinger Bands suggest BTC is still under volatility, with the middle band near $92,400 acting as a key resistance. As long as price stays below this level, upside may remain limited. Volume is moderate, and OBV shows slight stabilization, hinting at consolidation rather than a strong trend.
Key Levels:
Support: $87,200 – $85,000
Resistance: $92,400 – $97,000
Overall, Bitcoin is in a short-term consolidation phase. A break above $92.4K could trigger bullish momentum, while failure to hold $87K may lead to further downside
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