CryptoExpress
#btc
market analysis for #bitcoin
Bitcoin is currently trading around $97,830 on Gate.io, down slightly by 0.65%. The price action suggests a period of consolidation, with support found near $96,138 and resistance around $100,784. Key observations include:
* Flat Trend: The price is moving sideways, indicating a balance between buyers and sellers. This is further supported by the clustered moving averages.
* Weakening Bearish Momentum: The MACD indicator hints at weakening bearish momentum, although it remains negative.
* Order Book Support: The Gate.io order book shows buy orders ar
market analysis for #bitcoin
Bitcoin is currently trading around $97,830 on Gate.io, down slightly by 0.65%. The price action suggests a period of consolidation, with support found near $96,138 and resistance around $100,784. Key observations include:
* Flat Trend: The price is moving sideways, indicating a balance between buyers and sellers. This is further supported by the clustered moving averages.
* Weakening Bearish Momentum: The MACD indicator hints at weakening bearish momentum, although it remains negative.
* Order Book Support: The Gate.io order book shows buy orders ar