Bitcoin price analysis (Bullish) — 91252.48 USDT (+3.94% 24h)

Bitcoin continues its impressive rally, breaking above $91,000 with strong 3.94% gains over the past 24 hours. The current price of $91,252 sits comfortably above both the 20-day SMA ($89,760) and 50-day SMA ($88,307), confirming the bullish trend structure. However, caution is warranted as the RSI reading of 72.3 indicates overbought conditions, suggesting potential for a near-term pullback. Trading volume remains robust at $2.28 billion, supporting the current momentum. Given the elevated volatility of 3.26%, traders should consider implementing tight stop-losses below $89,500 while targeting resistance around $93,000. For long-term holders, maintaining positions makes sense, but short-term traders might wait for a dip toward $89,000-$90,000 for better risk-reward entries. The market structure remains bullish, but prudent risk management is essential at these elevated levels.