Bitcoin continues to show significant volatility affecting its short-term and medium-term movements. This analysis focuses on technical aspects and key price levels.
Current Bitcoin Price Situation
After dropping below $90,000, Bitcoin faced selling pressure, leading to a 14% decline to $78,200. Donald Trump's announcement about cryptocurrency reserves helped Bitcoin quickly rebound to $96,700, but pressure continues to impact its price dynamics.
Focus on BTC/USDT Derivatives
Bitcoin's decline led to a drop in open interest and funding rates, indicating position exits. The CVD declined, indicating sales dominance. The situation remains volatile with sellers in control.
Bitcoin Price Forecasts
If holding above $83,300, Bitcoin could return to levels of $96,500 and higher. Failures could lead to a decline to $78,200. Key liquidation zones significantly influence the market.
Bitcoin is in a phase of high volatility, balancing between rebounds and corrections. Uncertainty dominates, and only a clear signal could reverse the current trend.
