Bitcoin has recently bounced from the 89,266 support level, showing a strong rally towards 91,313, driven by a sharp increase in volume. The recent price action suggests that buyers are still in control, with the price now consolidating near 91,287 after testing higher levels. The MA5 and MA10 are closely aligned, signaling short-term momentum, while the MACD histogram continues to push higher, reflecting increasing bullish momentum.



Key levels to watch:
* Support: The 89,266 level is crucial. If price pulls back to this point, it would be an important test for the bulls to defend.
* Resistance: The immediate resistance is at 91,313, and a break above this could push price further toward 91,511. A sustained move above this level would signal a continuation of the uptrend.
Given the current momentum, the next trend will depend on whether BTC can hold above the 91,287 mark. If this level holds, further upside to test resistance at 91,511 and beyond is likely. Traders should keep an eye on volume for confirmation of sustained buying interest and potential breakout moves.
$BTC
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BTC-0.37%
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