Bitcoin's price is consolidating around the $91,000 level, with potential to move higher if it surpasses the $93,200 resistance. A clear break above this level could trigger gains towards $98,000 or even $100,000. A bullish trend line provides support around $90,800, signaling ongoing upward momentum.
The cryptocurrency experienced a pullback after peaking at $94,000, dipping below the $93,000 mark and the 23.6% Fibonacci retracement level. However, support levels at $91,700 and $90,700 are maintaining price stability. Another upside attempt could start if the resistance areas at $92,600 and $94,000 are cleared.
Technical indicators show the MACD is losing pace in the bearish zone, while the RSI is hovering above 50, suggesting moderate bullish sentiment. If BTC fails to rise above its current resistance, a downside correction might target support zones at $89,500 or lower, potentially reaching $87,500.
