Bitcoin price analysis (Bullish) — 91300.70 USDT (+0.05% 24h)

Bitcoin is currently trading at $91,300, showing modest 5.3% gains over the past 24 hours as the flagship cryptocurrency consolidates near critical technical levels. The current price sits just above the 20-day SMA at $91,264, while maintaining a healthy cushion above the 50-day SMA at $90,214, suggesting underlying strength in the medium-term trend. The RSI reading of 46 indicates neither overbought nor oversold conditions, providing room for potential upward movement. Trading volume remains robust at $1.13 billion, signaling sustained institutional interest. Volatility has moderated to 2.75%, creating favorable conditions for strategic positioning. Traders should watch for a decisive break above $92,000 to confirm bullish momentum, with support holding firm at the $90,000 psychological level. Consider scaling into positions on dips toward $90,500 while maintaining strict risk management given the current consolidation phase.