Bitcoin Price Consolidates Gains Above $92,000 Amid Bullish Trends

Bitcoin is experiencing a price increase, currently trading above $92,000. It might continue to rise if it surpasses the $93,400 mark.

Bitcoin corrected from a peak of $94,500 but remains above $92,000 and the 100 hourly SMA.
A bullish trend line with support at $91,500 is forming on the BTC/USD hourly chart.
If Bitcoin breaches $93,200, further resistance levels are at $94,000 and potentially $94,500.
Surpassing $94,000 could lead to a test of $95,500, with subsequent barriers at $96,200 and $96,500.

Support and Resistance Levels

If Bitcoin fails to break the $94,000 resistance, a decline may occur. Key support lies at $92,000 and $91,500, with additional support at $90,750 and a critical level at $88,800.

Hourly MACD indicates increasing momentum in the bullish zone.
The RSI for BTC/USD is above 50, suggesting strength.
Major support levels: $92,000 and $91,500.
Major resistance levels: $93,200 and $94,000.

Bitcoin Price