Bitcoin (BTC/USDT) 1-Hour Chart Analysis — Strong Bullish Momentum
The BTC/USDT 1-hour chart shows a clear continuation of bullish momentum, with Bitcoin currently trading around $92,703. Price action reflects strong buyer dominance, as Bitcoin has broken above recent consolidation zones and printed a sharp impulsive move to the upside.
The chart structure remains technically strong, characterized by higher highs and higher lows, confirming an active short-term uptrend. After consolidating near the $103.00–$103.50 range on the chart scale, Bitcoin experienced a strong breakout, pushing rapidly toward the $105.00 level. This type of vertical price movement typically signals aggressive buying interest and fresh market participation.
The 24-hour high of $93,388 and low of $90,863 indicate expanding volatility, which often accompanies trending markets. Unlike earlier sessions, the order book now shows a more balanced sentiment, with approximately 52% buy pressure versus 48% sell pressure, suggesting improving confidence among buyers and reduced immediate selling pressure.
From a technical perspective, the $105.00 chart level now acts as a key short-term resistance. If price successfully holds above this area, continuation toward higher levels is possible. On the downside, the previous breakout zone may act as strong support in case of a pullback.
Conclusion:
Bitcoin is showing strong bullish strength on the 1-hour timeframe, supported by clean structure, rising momentum, and improving order book balance. While short-term pullbacks are possible after such a rapid move, the overall bias remains bullish as long as price stays above key support levels.
This article is for educational and informational purposes only and does not constitute financial or investment
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