Bitcoin’s price rose slightly during its latest intraday session, amid short-term fluctuating movements and the presence of a steep minor bearish wave. The rise remains constrained by ongoing negative pressure, as the pair continues to trade below the EMA50, limiting the strength and duration of the upward move.
Despite this uptick, BTC/USD remains below the key resistance at $90,000. The technical picture shows some positive signs, with overlapping bullish signals emerging on the relative strength indicators after relieving overbought conditions. These developments could support a potential extension of gains, provided momentum improves and trading stability is maintained.
Accordingly, we anticipate a possible decline in BTC/USD in upcoming intraday trading, particularly if it fails to hold above $90,000, with $88,000 as the next support target.
Expected trading range: $88,000 support – $92,000 resistance
Today’s forecast: Neutral
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