Bitcoin (BTC) is currently trading around $101,000 USD. Technical indicators show mixed signals — on the daily timeframe, it looks slightly weak (“Strong Sell”). However, analysts believe that most of the leverage in the futures market has been cleared, which could open the door for an upward move.
In short, BTC is in a consolidation phase — if key support holds, a rally may follow; if it breaks, further downside is possible.
