FX.co ★ Bitcoin/BTCUSD forecasts

BITCOIN TODAY MONDAY,05/10/2026 Good morning fellow traders, in the dynamic crypto market that is always moving fast, the accuracy of reading technical structure is the main key to navigate risk and optimize profit opportunities. Based on the attached daily Bitcoin chart, let's dissect the projected price movement comprehensively. Technical Analysis of Bitcoin Movement (BTC/USD) Moving Average (MA) 100 and 200 Indicator Based on the chart on the D1 time frame, the Moving Average lines (the red and blue lines representing MA 100 and MA 200) show that the current price is above the intersection area of these two indicators which hovers around the level 75080.91. The price position holding above this long-term MA area confirms that the current macro trend is in an extended bullish phase after managing a significant rebound from the previous lower area. Both MA lines are now sloping upwards, serving as a strong dynamic support. RSI (12) Indicator The Relative Strength Index with a period of 12 stands at 69.35, approaching the overbought area at level 80. This number indicates that buyer momentum still dominantes the market steadily, however we need to be cautious of potential short-term consolidation or a minor healthy correction due to the RSI already being near the upper threshold. Support and Resistance Analysis Nearest Resistance: Level 87358.52 is the nearest upper defense wall being tested, with the next major resistance target around 97609.63. Nearest Support: Levels 82537.86 and 79864.73 act as the nearest bounce zones if a minor correction occurs. Meanwhile, the very strong key support is at the area 75080.91 which coincides with the range of the Moving Average lines.

Bitcoin Trading Plan Buy Options (Buy Scenario) Scenario 1 (Buy on Dip): Make purchases if the price experiences a healthy correction approaching the support area 82537.86 or 79864.73, provided a bullish reversal candle confirmation is formed. Scenario 2 (Breakout Buy): Open a long position if the price manages to break through and perform a valid retest above resistance 87358.52, with a profit target around 97609.63. Risk Limit (Stop Loss): Placed below the nearest support level, for example below 79500 to protect capital from extreme volatility. Sell Options (Sell Scenario) Sell Scenario (Rejection): Take advantage of short opportunities (scalping sell) if the price fails to break resistance 87358.52 and shows a weakening momentum pattern on the RSI, with a temporary downside target to area 82537.86. Risk Limit (Stop Loss): Placed slightly above resistance 88000. Thus we have compiled this technical analysis with full objective calculation to guide your strategic steps in the market. Hopefully this analysis is beneficial to your portfolio, continue to prioritize disciplined risk management, and wishing consistent profits to us all.