Bitcoin (BTC) is trading at approximately $88,761, marking a 1.4% gain as traders monitor key levels amid mixed futures flow data. Over the past 24 hours, BTC fluctuated between $87,489.65 and $88,979.05, with the price currently near the upper end of this range. Despite short-term stability, Bitcoin has experienced declines of 5.2% over 30 days and 7.0% over the past year.
Key technical levels include the 9-day SMA at $87,891, providing near-term support, and resistance at $89,011. A break above this resistance could signal a bullish trend continuation towards $90,000, while a drop below the SMA may test $87,000. Recent futures flow data shows mixed sentiment, with modest net inflows in the short term but significant net outflows over longer periods, indicating cautious market conditions.
Bitcoin Holds Steady Amid Mixed Futures Flow Data
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
