#BTC
BTC is trading around USD 93,500โ94,000. ๐
After dropping below ~$86,000 in early December, BTC has rebounded and is showing a tentative recovery.
๐ Chart & Technical Outlook โจ
Recent price action suggests BTC is currently in a correction phase โ the drop from the October all-time high (~$126,000) amounts to a decline of over 30%.
According to one chart-based forecast, BTC is moving within a descending channel, which signals potential continuation of downside pressure unless a bullish breakout occurs.
On the upside, resistance zones to watch are ~$94,000โ$97,000, which โ if reclaimed โ might set the stage for a short-term recovery.
On the downside, there remains risk of a deeper drop, possibly back toward the $80,000โ$85,000 zone, especially if selling pressure resumes.
๐ Whatโs Driving BTC Right Now
The broader macro environment โ including interestโrate expectations (for example, actions by major central banks) and risk sentiment โ is influencing BTC volatility.
Institutional flows and broader crypto market sentiment remain fragile, which adds to uncertainty in the near term. #BinanceBlockchainWeek #BinanceAlphaAlert #CryptoRally #TrumpTariffs