Bitcoin is holding steady above $90K, now trading around $90,219 after a 1.53% rise in the past day. The short-term trend looks slightly bullish since the EMA7 is above EMA25, but the neutral RSI and negative MACD show that the market may stay in a consolidation phase for now. Key support sits near $88K.
Institutional demand remains the main driver behind this move. Major US and UK policy updates, plus big banks like BNY Mellon and JPMorgan offering Bitcoin services, are adding confidence to the market. Spot Bitcoin ETFs also picked up fresh inflows, signaling strong interest from investors.
For now, Bitcoin is ranging between $88K support and $92K resistance. If it breaks above $92K, it could push toward $95K, but if it falls under $88K, a deeper pullback toward $85K becomes possible.
BTC
90,470.92
+0.03%