Bitcoin seems to be forming a cup and handle pattern. The current price is fluctuating between 93,600 and 94,000 and remains below the psychological resistance of 100,000 dollars. Daily trading volume has decreased from November 25 until now (January 5). The bullish cup and handle pattern could be valid if it breaks 95,000 and closes a candle above it. The price has approached the upper Bollinger bands, which usually indicates an increase in bullish momentum. The RSI indicator is at 66, indicating the strength of buyers. Warning: A rejection from the 94,000 range could lead to a correction down to 90,000.
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