$BTC 1.15 Bitcoin Price Today: Bitcoin is currently trading above 97,000, with an intraday high approaching 98,000. From a technical perspective, Bitcoin is still in an oscillating rebound process within an X wave. This rebound has not yet completed structurally; it is currently only in a consolidation upward phase within the X wave, and there are no signals indicating it has ended.



In terms of timing, it took nearly 19 days to rise from around 80,000 to 94,000. The current rebound from the starting point to now has only been about three days. Both structurally and in terms of time ratio, this is not enough to support the idea that this trend will end immediately. Therefore, a more reasonable understanding at this point is that the oscillation is slowly moving upward.

In summary, the X wave is expected to continue for some time from a timing perspective. During this period, it’s still worth looking for opportunities in small-cap coins.
BTC0.97%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)