Bitcoin Price Forecast: Capitulation Eases as BTC Aims for $93K Goal
Bitcoin Price Prediction: Analysts predict Bitcoin could bounce back to $93K after recently hitting a low of $80.6K, with signs of market stability emerging as selling pressure eases.
Market Sentiment: The Risk-Off Signal indicates that the worst of the capitulation may be over, and confidence is growing in the market, particularly with expectations of a potential interest rate cut by the Federal Reserve.
Crucial Price Levels: Bitcoin's price is currently hovering around $86,774, and a weekly close above this level could lead to a significant upward movement towards the $93,000 target.
Future Outlook: Experts suggest that if Bitcoin can maintain its position in the $90,000–$96,000 range, the likelihood of reaching a new all-time high increases significantly.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36140.792 | 48070.396 | 60410.812 | 72340.416 | 84680.832 | 96610.436 | 108950.852 |
| Fibonacci | 48070.396 | 57341.544 | 63069.268 | 72340.416 | 81611.564 | 87339.288 | 96610.436 |
About BTC
About the author







