Bitcoin (BTC) Price Analysis: $90K Support Holds Strong; Is the Next Target at $96K?
The post Bitcoin Price Analysis: $90K Support Holds Strong; Is the Next Target at $96K? appeared first In the short term, the Bitcoin bulls appear to have gained strength as they defended an important support zone. With this, the bearish action over the token has been delayed but has not faded to a large extent. In the wider perspective, the BTC price appears to be undergoing an inverse parabolic wave, which raises concerns over the next price action. Bitcoin Price Today-How Much is 1 BTC Selling for Today? After a brief rebound, the Bitcoin price is trading around $91,469 with a minor rise of over 1. 28% in the past 24 hours. The market capitalisation of the token has hit $1. 82 trillion, with the volume plunging by 18% to reach $86 billion. The 24-hour high of BTC price is around $93,745, while the lows are around $89,300. This suggests the volatility of the token is on the rise, with price variations of nearly 7% to 8% in a day. Despite this, the bullish sentiment for the token is 82% while the fear and greed index remains at 16, suggesting extreme fear. Are Investors Bullish on Bitcoin Today? Since the start of the month, the trading volume has been on the rise, which suggests the market participants are quite active. They are trying to lock a deal on all the BTC price moves, regardless of whether they are bullish or bearish. The volume surges above $120 billion as the price makes an intraday low, hinting towards the rise in the opportunity-driven mindset, and hence this is expected to keep the investors on their toes. Currently, the.