Let's analyze the current $BTC trend

  #BTC Price Analysis

As of February 6, 2025, at 4:30 AM UTC, Bitcoin (BTC) is trading at approximately $97,598, reflecting a slight decrease of 0.67% over the past 24 hours.

Recently, Bitcoin has demonstrated a robust upward trajectory, breaking through significant resistance levels. Notably, on January 31, 2025, BTC surpassed the $100,000 mark, reaching an intraday high of $102,685. This surge was attributed to increased institutional adoption and favorable macroeconomic factors.

The daily RSI hovers around 50, indicating a balance between buying and selling pressures. This neutrality suggests that the market awaits a catalyst for the next significant move.

The 10-day Exponential Moving Average (EMA) is currently at $98,500, while the 200-day EMA stands at $85,000. The positioning of the shorter-term EMA above the longer-term EMA typically signals a bullish trend.

Support and Resistance Levels:

Immediate Support: $95,000

Immediate Resistance: $100,000

Bitcoin's current phase suggests that traders are awaiting a clear directional signal.

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