Bitcoin (BTC) Trade Overview
Current Price: The price is holding above $92,000.
Key Resistance Level: Traders are focused on $94,253, which is the 61.8% Fibonacci retracement level. A daily close above this could open the door to the $100,000 level.
Market Volatility: Volatility is currently rising. The market is described as being in a "tight range," waiting for a major catalyst.
Futures Market: Bitcoin Open Interest on CME has been stuck between 121,000 and 122,000 BTC for five straight trading days. Historically, such quiet stretches precede significant market action.
