From a technical perspective, Bitcoin is currently around $90,110. It dipped 0.6% last night, and overall there are quite a few neutral signals. Both RSI and MACD are hovering in the middle—not overbought or oversold. The 50-day moving average is near $92,000 acting as resistance, while the 200-day moving average around $88,000 is providing support. The chart looks like a descending wedge, getting squeezed. If it breaks above $92,000, it could push to $94,000; on the other hand, if it falls below $89,500, it might drop back to test $85,000. In the short term, the trend is mainly range-bound. If the bulls gain momentum before year-end, $100,000 isn’t out of reach. What signals do you see on your chart?
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From a technical perspective, Bitcoin is currently around $90,110. It dipped 0.6% last night, and overall there are quite a few neutral signals. Both RSI and MACD are hovering in the middle—not overbought or oversold. The 50-day moving average is near $92,000 acting as resistance, while the 200-day moving average around $88,000 is providing support. The chart looks like a descending wedge, getting squeezed. If it breaks above $92,000, it could push to $94,000; on the other hand, if it falls below $89,500, it might drop back to test $85,000. In the short term, the trend is mainly range-bound. If the bulls gain momentum before year-end, $100,000 isn’t out of reach. What signals do you see on your chart?