Bitcoin (BTC) price review: The bulls are in total control

The bulls are in total control in today's session, as seen from the increase in the global market cap. The total cap stood at $2.69T

The bulls are in total control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.69T as of press time, representing a 1.64% increase over the last 24 hours, while the trading volume jumped by 32% over the same period to stand at $64.7B as of press time.

Bitcoin, BTC, is posting gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that BTC is trading within the bands, suggesting moderate volatility. The price recently touched the upper band and is pulling back, indicating potential resistance around the $84,000 level. The 20 SMA is above the current price, suggesting a short-term bearish trend.

On the other hand, we see that the Awesome Oscillator values suggest bearish momentum in the market.

Bitcoin traded at $83,262 as of press time, marking a 2.24% increase over the last 24 hours.

As the cryptocurrency market continues to recover, major tokens like Bitcoin and Ethereum showed mixed trends on Thursday. The gains in the global market cap and trading volume over the last 24 hours suggest that the bulls are in control for the time being.

However, the lack of sustained gains in the top tokens could indicate that the market is still digesting recent price moves and might be poised for another round of volatility.

Bitcoin Price Today: Technical Analysis

Bitcoin broke above the crucial resistance at $84,000, touching an intra-day high of $84,090. However, the bulls failed to sustain the momentum above this level, and the price pulled back to trade below it at press time.

The 20 SMA (Simple Moving Average) on the 4-hour chart is trading above the current price, which could indicate a short-term bearish trend.

On the other hand, the Awesome Oscillator, a momentum indicator, is showing values above zero, which could suggest that some bullish momentum is present in the market.

Bitcoin is showing signs of a pullback after touching the upper band of the Bollinger Bands, suggesting moderate volatility.

What Next For The Bitcoin Price?

If the bulls manage to push the price back above the 20 SMA and sustain it above the 50 SMA, then it could open the door for further gains in the medium term.

However, if the bears manage to pull the price below the lower band of the Bollinger Bands and sustain it below the 100 SMA, then it could signal a return to the bear market.

Ethereum Price Today: Technical Analysis

Ethereum is consistently trading below the lower band of the Bollinger Bands, which indicates strong bearish pressure. The red trend line above the price confirms the bearish market condition.

On the other hand, the Awesome Oscillator is continuing to show red bars, which signifies sustained bearish momentum.

A cross of the red line below the blue line in the Ichimoku Cloud could indicate that bearish momentum is picking up.

What Next For The Ethereum Price?

If the bears manage to push the price below the 50 SMA and sustain it below the 100 SMA, then it could signal a continuation of the bear market.

However, if the bulls manage to pull the price above the upper band of the Bollinger Bands and sustain it above the 20 SMA, then it could open the door for a new bull market.

PI Network Price Today: Technical Analysis

The PI price is trading below the Ichimoku Cloud, which indicates a bearish trend. A cross of the red line below the blue line could indicate that bearish momentum is picking up.

On the other hand, the Volume Oscillator values suggest that selling volume is prevailing.

What Next For The PI Price ?

If the bulls manage to push the price above the Ichimoku Cloud and sustain it above the 20 SMA, then it could open the door for further gains in the medium term.

However, if the bears manage to pull the price below the 50 SMA and sustain it below the 100 SMA, then it could signal a return to the bear market.

PEPE Price Today: Technical Analysis

The price crossing above the jaws of the Alligator (green line) might suggest a potential bullish reversal if sustained. Price is navigating around the moving averages, indicating a lack of strong directional bias.

On the other hand, the ADX has a value around 24 which suggests a developing trend but not excessively strong.

What Next For The PEPE Price ?

If the bulls manage to push the price above the 20 SMA and sustain it above the 50 SMA, then it could open the door for further gains in the medium term.

However, if the bears manage to pull the price below the lower band of the Bollinger