Bitcoin trades near $95,982 on KuCoin, awaiting inflation data. An adverse report could pressure support levels.
Crucial Resistance at $104K
Bitcoin faces a resistance level at $104,087.7, repeatedly tested with active sellers. Surpassing this level may lead to further gains.
Key Support Zones and Market Outlook
On the downside, Bitcoin holds an ideal entry zone between $89,584.4 and $91,552.0. If declines continue, the next support at $85,327.6 could be activated, with $79,743.0, $71,736.8, and $64,789.5 as critical levels in a broader correction.
Volume and Market Activity
Trading activity accompanies Bitcoin’s price moves, confirmed by volume bars. High volumes indicate strong trader participation. The RSI index remains neutral, showing no overbought or oversold conditions.
Bitcoin prices are influenced by macroeconomic factors. The $104K level acts as crucial resistance, with upcoming inflation data as a potential market catalyst.
