FM-crypto0008

Assalamu Alaikum & Greetings, Binance Square Community!

Here’s a quick but detailed look at Bitcoin’s price action today, based on the latest data from CoinDesk and my own chart analysis on TradingView.

📰 Today’s Key Data
- Current Price:$87,500
- 24h Change:+2.5%
- 24h High:$88,200
- 24h Low:$85,100
- 24h Trading Volume:$42 Billion**

Top News Today:
> Bitcoin surged over 5% during the early European session, briefly touching near $88,200. Analysts attribute the move to positive economic data from the US and growing investor optimism ahead of next week’s Fed meeting.

📈 My Technical Analysis
1. Current Trend:
$BTC is trading in a bullish channel on the 4-hour chart. The price has respected the support trendline multiple times, indicating strong buyer interest near $85,000.

2. Key Levels to Watch:
- Immediate Resistance:$88,200 (today’s high). A break above could target $90,000 psychological level.
- Immediate Support:$85,100 (today’s low). If broken, next support lies at $83,500 (previous weekly low).

3. Indicators:
- RSI (4H): Currently at 62, indicating bullish momentum but not yet overbought.
- Moving Averages: Price is trading above the 50 EMA ( $86,200 ) and 200 EMA ( $84,800 ), confirming short-term bullish structure.

4. Volume Analysis:
Volume spiked during the morning rally, suggesting institutional or large trader activity. Sustained volume above average is needed for a move towards $90K.

🎯 My Take & Outlook
- Short-term: $BTC
looks poised to retest $88,200. If it holds above $87,000, we could see another attempt at $89,000-$90,000.
- Medium-term: The overall trend remains bullish as long as $83,500 holds. A break below could signal a deeper correction.
- Watch Fed comments and US economic data** this week for macro clues.

⚡ Trading Tip
If you’re trading, consider:
- Long entries near $86,500-$87,000 with a stop loss below $85,000 (support break).
- Take profit near $89,500-$90,000.
📢 Final Thought
Bitcoin continues to show strength amid positive sentiment. Always do your own research (DYOR), manage risk, and avoid emotional trading.

Let me know in the comments – where do you think BTC is heading next? 🚀

#Bitcoin #BTC #Market_Update #analysis #BinanceSquareFamily
Note: This is not financial advice. Prices are based on today’s data and may change rapidly. Always verify from multiple sources before making trading decisions.

It’s been a relatively steady morning in the crypto markets as we kick off the week. The total value of all cryptocurrencies is hovering around $3.17 trillion, ticking up just under 1% over the past day.

Bitcoin saw a quiet range between roughly $91,700 and $94,150, and is currently sitting just above $93,300. While $BTC is moving modestly, the real action is in a few altcoins—SXP, SAPIEN, and VOXEL each posted double-digit gains, surging as much as 48% at the top.

A few big topics are buzzing across the space today. Bitcoin miners are feeling some pressure as revenue declines, while Solana is drawing notable institutional interest after a strong November. Over in traditional finance, talk around the next Federal Reserve chair and rising Treasury yields has the U.S. dollar looking a bit softer.

Here’s a quick glance at how some of the majors are moving as of this morning:

- **Ethereum (ETH):** $3,195.42 | Up 4.72%
- **$BNB :** $910.41 | Up 1.36%
- **$XRP :** $2.1671 | Down 0.77%
- **Solana (SOL):** $143.59 | Up 1.26%
- **Cardano (ADA):** $0.4491 | Up 1.49%

Other headlines worth watching: XRP network activity just hit an all-time high, Ethereum is testing key price levels while progressing toward its Fusaka upgrade, and Michael Saylor is predicting big banks will accelerate Bitcoin adoption by 2026. Meanwhile, in regulatory news, Citadel Securities is pushing for tighter SEC rules on tokenized stocks.

All in all, it’s a calm but news-heavy start to December—traders seem to be pausing ahead of key economic data and eyeing a few standout altcoin moves.