Bitcoin’s price fluctuates between $91,721 and $92,105, down 2.7% within 24 hours. Despite minor recoveries, Bitcoin faces persistent resistance at $93,000. Market indecision is apparent due to this static momentum.
Indicators such as RSI at 40 and a Stochastic reading of 10 suggest seller dominance. The negative MACD at -613 and CCI of -127, along with a momentum score of -5,766, reinforce selling pressure.
Current support ranges from $91,000 to $92,000. Breaching these could see a decline to $88,000. Recovering $94,000 with significant volume might indicate an uptrend, but bearish momentum remains formidable.