$BTC Bitcoin News Live: The MACD shows a strong selling trend - the price remains above $90,000 in a volatile context
Bitcoin is currently trading at $91,932.90, above the MA-20 ($90,133.88) but below the MA-50 ($100,222.22) and the MA-200 ($109,434.30). This setup indicates a short-term bullish trend, with ongoing selling pressure in the medium and long term; the nearest dynamic resistance remains the Ichimoku Kijun at $94,050.
Bearish signals counterbalance the strength of buyers.
The daily technical signals are mixed. The MACD on the daily chart indicates strong selling, and the ADX reveals pronounced bearish momentum at 34.36. The oscillators diverge: The RSI shows selling pressure but is not oversold, the stochastic RSI signals overbought conditions, and the CCI is bullish. Bull/Bear Power (BBP) remains firmly overbought, highlighting the recent dominance of buyers despite the price drop. The intraday movement confirms short-term bearish momentum in a context of moderate volatility, with the current price being close to the session low.
Sideways consolidation, with bearish risk outweighing short-term gains
For the upcoming week, the typical volatility band for Bitcoin is estimated at $87,500 - $96,000, reflecting recent price fluctuations. The probability of a price increase in the short term is low - less than 20% - and further declines are therefore more likely. The baseline forecasts suggest sideways consolidation, with Bitcoin fluctuating between $90,000 and $94,000. A bullish move above $94,050 could pave the way towards $96,000, while a drop below $90,000 could expose the next support near $87,500.
