BTC/USDT Technical Analysis – Daily Timeframe

📊 Market attempting a short-term recovery after forming a local bottom.

1️⃣ Price Structure

• BTC bounced strongly from the $80,600 support zone, creating a higher low on the daily chart — a first sign of trend stabilization.

• Current price sits around $92,660, pushing into the mid-range of the Bollinger Band structure.

• The market has printed three consecutive green candles, indicating bulls slowly regaining momentum.

2️⃣ Moving Averages (MA5–MA10)

• The MA5 is crossing upward toward the MA10, a classic short-term bullish reversal signal.

• Price is now closing above the MA5, suggesting continuation as long as daily candles hold above $90,000–$91,000.

3️⃣ Bollinger Bands (20,2)

• BTC is attempting to break toward the middle band (MB) at $89,410, and is currently trading above it — a positive shift in volatility structure.

• Upper band sits near $94,296, which becomes a key resistance for continuation toward the $98,500 zone.

4️⃣ RSI Momentum

• RSI(6): 62 → short-term momentum turning bullish.

• RSI(12): 51 → neutral-positive; room for upside.

• RSI(24): 45 → still recovering; deeper trend not yet bullish.

➡️ Combined, momentum signals a recovery phase, not a full trend reversal yet.

5️⃣ Volume Analysis

• Volume remains moderate, not showing aggressive breakout strength.

• A spike above the recent average would confirm a move toward $94,000–$98,500.

🎯 Key Levels to Watch

Resistance:

• $94,300 (Upper Bollinger Band)

• $98,500

• $108,000 (major trend resistance)

Support:

• $90,000

• $88,650

• $80,600 (local bottom)

📌 Outlook

BTC is showing clear signs of a short-term rebound with improving momentum and a positive MA cross formation. A daily close above $94K opens the path to $98K, while losing $90K would weaken the bullish scenario.