Bitcoin is trading around $94,456. The market is in a consolidation phase, with BTC cooling off after recent volatility. Traders are cautious, while long-term holders continue to accumulate.
Btc next targets will be discussed along with latest btc news.
BTC Next Targets
- Price: $94,456
- 24-Hour Trading Volume: $800mn
- Market Cap: Around $1.87 trillion (based on price and 19.9M circulating supply)
- Circulating Supply: 19.9 million BTC
- Max Supply: 21 million BTC
After price made a new ATH of $126k, it crashed four days later (flash crash on Oct 10th). It also broke below $107K key level and 200 SMA, which could signal a bearish trend reversal to Downtrend. It’s now broken below robust support of $100K – $102K, which was the low point of the recent flash crash on Oct 10th, and reached $94K support.
It’s also getting oversold (RSI ¬ 30), hence, we could see a bounce up in the near-term.
Long-term, we believe that the FED is likely to continue to cut interest rates in the next 3 months by 50 bps or more, which should be bullish for BTC and altcoins.
Key Indicators & Market Signals
- Support Zone: $90,000–$95,000
- Resistance Zone: $100,000–$106,000
- Technical indicators show neutral momentum as BTC moves sideways within a tight range.
- Whale accumulation suggests strong long-term confidence.
- Exchange reserves continue to decline, indicating reduced selling pressure.
- Market direction remains influenced by global liquidity conditions and investor risk sentiment.
Latest News & Sentiment
- BTC recently dipped below $100K, triggering short-term fear but also attracting buying interest.
- Analysts describe this correction as healthy and necessary after an extended rally.
- Institutional investors remain engaged, with steady inflows into BTC-based products.
- Market watchers expect volatility to rise ahead of upcoming macroeconomic announcements.
Summary
Bitcoin trades near $94,456, holding steady within a consolidation band. Key support lies at $90,000–$95,000, while resistance sits around $100,000–$106,000. BTC continues to show strong long-term fundamentals, driven by declining supply on exchanges, whale accumulation, and institutional interest.
A breakout above resistance could push BTC toward $110,000, while a drop below support may reopen the path to lower levels.
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