Bitcoin price analysis (Neutral) — 90898.69 USDT (+0.37% 24h)

Bitcoin continues to consolidate around the $91,000 level, showing remarkable stability despite recent volatility. The current price of $90,898.69 represents a modest 0.37% gain over the past 24 hours, with trading volume holding strong at $638 million. Technical indicators present a mixed picture – the RSI reading of 65 suggests we’re approaching overbought territory but haven’t crossed the critical 70 threshold yet. The price action between the 20-day SMA ($90,815) and 50-day SMA ($90,994) indicates a crucial battleground for directional momentum. Traders should watch for a decisive break above $91,500 for confirmation of continued upward movement, while a drop below $90,000 could signal a deeper correction. Given the current volatility reading of 2.18%, position sizing remains critical. Consider scaling into positions on pullbacks toward the $90,000 support level with tight stops below $89,500.