Technical analysis by Trade Nation about Symbol BTC on 5/6/2025

The BTC/USD pair maintains a bullish overall sentiment, underpinned by a sustained upward trend. However, recent intraday price action suggests a phase of sideways consolidation, indicating a potential buildup before the next directional move.Key Levels:Support: 90,880 (primary), followed by 88,800 and 87,070Resistance: 98,940, with extended targets at 101,030 and 101,100A corrective dip toward the key support zone at 90,880 could offer a bullish rebound opportunity. A successful bounce from this level would reinforce the uptrend and pave the way for a test of the 98,940 resistance. A breakout above this level may open the door to further gains toward 101,030 and 101,100 over the longer term.Conversely, a decisive break and daily close below 90,880 would invalidate the bullish setup, potentially triggering a deeper pullback toward the 88,800 and 87,070 support levels.Conclusion:While the broader trend remains bullish, BTC/USD is currently consolidating. Traders should watch the 90,880 support closely—its defence may confirm trend continuation, while a breakdown could signal a short-term bearish reversal.This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.