Bitcoin marks a break after a bullish momentum: find our complete analysis and the current technical perspectives of the BTC.
In short
- BTC/USD technical analysis: Bitcoin remains in an upward dynamic despite a consolidation phase. The slowdown in momentum and the drop in volumes call for short -term caution.
- Technical levels Bitcoin (BTC): The price evolves between close resistances likely to block the increase and solid supports which offer areas of accumulation in the event of correction.
- Market feeling: the feeling is clearly optimistic, carried by the appetite for the risk and the positive institutional flows via the Bitcoin Spot ETF.
- Analysis on derivatives (BTC/USDT): The indicators of the derivative markets show a neutral, stable market, without taking a clear position or notable voltage between buyers and sellers.
- The forecasts for the Bitcoin course (BTC): the Haussier scenario prevails as long as the supports hold, but the next macroeconomic decisions will be crucial to confirm or reverse the trend.
BTC/USD technical analysis
Bitcoin consolidates around $ 94,192 since its push on April 23, starting a notable recovery. The weekly variation is established at +0.53 %, marking a break after the strong rebound of +10 % the previous week, a sign of a breathing market. Weekly volumes fell to 32 billion (-28 %), reflecting a shortness of breath. The trends remain upwards on the three horizons: long term (SMA 200) with an intact, medium term (SMA 50) dynamic in bullish, and short term (SMA 20) confirming an equally bullish short -term trend. Momentum is however with withdrawal, which calls for prudence in the short term.
| Indicator | State | Comment |
| Spot price | $ 94,192 | The Bitcoin consolidates around $ 94,000 since its thrust on April 23, after having started a notable recovery. |
| Latest weekly variations | + 0.53 % | Modest increase this week after a leap of +10 %, a sign of a market in the breathing phase. |
| Last weekly volumes | 32 MRD (-28%) | Streaming of activity after the bullish momentum of the previous week |
| Long -term trend (SMA 200) | Upward | Intact trend, supporting a positive long term bias. |
| Medium -term trend (SMA 50) | Upward | bullish reversal under construction |
| Short -term trend (SMA 20) | Upward | Confirms a recent and rapid upward dynamic |
| Momentum | Fold | Momentum Haussier, but withdraw, translating a slowdown in the market. |
Bitcoin technical levels (BTC)
| Indicator | States | Comment |
| Resistances | $ 99,000 – $ 100,000 / 102,500 | Critical areas, potential distribution thresholds. |
| Support | $ 91,700 / $ 82,800 | Major defense levels, probable accumulation zones. |
| Last daily break | $ 88,745 | Résistance crossed, biased bias revived. |
| Monthly pivot | $ 88,177 | Reference level for the trend of the month below the course. |
| High value area | $ 96,500 | High volume area; Upper terminal of a market balance, beyond which an imbalance can emerge. |
| Low value area | $ 67,340 | High volume area; Low limit of a market balance, beyond which an imbalance can emerge. |
Bitcoin evolves between key technical levels. Major resistances are between $ 99,000 and $ 100,000, with an extension to $ 102,500, critical distribution areas. The main supports at $ 91,700 and $ 82,800 are probable defense and accumulation areas. The recent break of $ 88,745 in day laborers is releasing a bias bias. The monthly pivot point at $ 88,177, now under the price, confirms this positive dynamic. In volume, the high value area at $ 96,500 marks a higher balance terminal, while the low value area at $ 67,340 represents an imbalance threshold in the event of withdrawal.
Market feeling
| Market feeling (Fear & Greed Index) | Greed | Euphoric feeling which confirms the return of the appetite for the risk. |
| Flow ETF BTC Spot (net flows) | Significant influx | Institutional flows support the current trend. |
The feeling of market remains marked by greed, confirming a return of the appetite for the risk. ETF Bitcoin Spot record significant net influx, highlighting institutional support for the current trend.
Current technical analysis was carried out in collaboration with ElyfeAnd 0xhugzerinvestors and popularizers in the cryptocurrency market.
Analysis on derivatives (BTC/USDT)
| Indicator | State | Comment |
| Open Interest | Stable | Limited speculative positioning, no decided conviction. |
| CVD | Balanced flow | No directional signal, purchase and balance flow flow. |
| Liquidation | Weak, without bias | Stable liquidations, no capitulation signal. |
| Funding Rate | neutral | Funding close to balance, market without apparent tension. |
The market feeling indicators remain neutral and not very committed. Open interest remains stable, reflecting a limited speculative positioning and a lack of marked conviction. The CVD indicates balanced purchase and sale flows, without clear directional signal. The level of liquidations remains low, without significant bias or a sign of capitulation. Finally, the funding rate is neutral, close to balance, which testifies to a market without apparent tension between buyers and sellers.
| Indicator | State | Comment |
| Selling liquidation zone | ≈ $ 98,000 – $ 100,900 & $ 107,200 – $ 110,551. | Sensitive areas in case of breakout, risk of amplification of movement. |
| Buyer liquidation area | ≈ $ 92,600 / $ 89,300 – 88,500 & 87,700 $ – $ 85,570 / $ 84,000 – $ 80,000. | Decrease critical thresholds, potential flush areas. |
The main areas of liquidation for selling positions are between $ 98,000 and $ 100,900, then between $ 107,200 and $ 110,551. The crossing of these critical levels could strengthen bullish acceleration. Conversely, the buying areas of buying positions extend from $ 92,600 to $ 89,300, then between $ 88,500 and $ 87,700, as well as $ 85,570, and finally between $ 84,000 and $ 80,000, this last interval representing a strategic threshold in the event of a prolonged correction without buyer support.
Forecasts for the Bitcoin course (BTC)
Haussier scenario:
- Conditions: maintenance above $ 91,700.
- Objectives: $ 97,920 / $ 99,000 – $ 100,000 / $ 102,500 / $ 107,000 – $ 109,354 (ATH).
- Potential: approximately +16 % increase since the current level.
Lower scenario:
- Conditions: Break in support at $ 91,700.
- Objectives: $ 92,600 / $ 89,300 / $ 86,400 / $ 84,000 – $ 80,000.
- Potential: approximately -15 % decrease since the current level.
Comment :
The bias is currently bullish, but macroeconomic indicators (FOMC conference, FED decision on interest rates, etc.) will be decisive to validate this scenario.
Conclusion
Bitcoin keeps an upward dynamic, despite a break after its recent flight. The momentum slows down and the activity is retreating, calling for short -term caution. The feeling remains favorable, supported by the interest of investors, in a stable market. The future short -term variations, will depend on the expected economic news. In this context, it will be essential to closely monitor the reaction of prices at strategic levels in order to confirm or adjust current forecasts.
Finally, remember that these analyzes are based solely on technical criteria, and that the course of cryptocurrencies can evolve quickly according to other more fundamental factors.
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