Bitcoin Price Surges Above $90,000 Testing $93,000 Resistance

Bitcoin's price has surged over 5%, exceeding the $90,000 mark and is now testing the crucial $93,000 resistance level.

  • Bitcoin increased past $90,000, trading above $90,500 and maintaining its position above the 100 hourly Simple moving average.
  • A bullish trend line is forming with support around $90,800 on the BTC/USD hourly chart.
  • The price could rise if it breaks and settles above the $93,000 barrier, potentially targeting $95,000 next.

Bitcoin Price

If Bitcoin fails to break the $93,000 resistance, it might face a decline. Immediate support lies at $90,800, with major support levels at $88,400 and $84,000. A dip below $84,000 could accelerate losses.

  • Technical indicators show the MACD gaining momentum in the bullish zone.
  • The RSI for BTC/USD is above 50, indicating a positive trend.

Key support levels are $90,800 and $88,400, while resistance levels are $93,000 and $93,500.