📊 Price Action & Technical Outlook
Bitcoin $BTC has been sliding below key levels, dipping under ~$93,000 due to profit-taking and leverage liquidations. �
CoinDesk
Derivatives and ETF data show signs of a cautious rebound near ~$95,000, with institutional flows and derivatives indicating support. �
Meyka
On-chain data shows some long-term holders selling small amounts—but the market isn’t panicking. �
AMBCrypto
Recent weeks saw Bitcoin reach eight-week highs near ~$97,000 before pulling back amid macro uncertainty. �
The Economic Times
🔎 Trend Drivers Today
1) Macro & Market Sentiment
Weak momentum and leveraged long liquidations pressured BTC briefly, indicating elevated short-term volatility. �
CoinDesk
ETF inflows and institutional participation still provide a structural bullish backdrop for prices. �
Meyka
2) Whale & On-Chain Signals
Some long-time holders have started selling smaller BTC amounts, but broader accumulation remains intact and markets have absorbed selling without panic. �
AMBCrypto
3) Resistance & Support
A key resistance zone remains near ~$97K–100K, while stronger short-term support is around the $92K–$94K range. (Multiple price analyses). �
bittimexchange
🧠 Summary Today
Bitcoin is showing mixed signals — price action has turned slightly bearish on the short term with volatile swings and leverage selling, yet institutional demand and ETF flows continue to suggest underlying strength. Bulls are watching key levels for confirmation of a rebound, while traders remain cautious around macro events and liquidity conditions.
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