Alex Harrison
--
$BTC
🔥Bitcoin Blasts Past $100K! Can It Hold or Is a Pullback Coming?
Bitcoin has soared beyond the significant $100,000 milestone, surprising many and stirring the market. This remarkable climb prompts speculation: Can this upward trend be sustained, or is a downturn imminent? Investors and analysts are watching closely to see what this development means for the future of cryptocurrency.
Bitcoin (BTC)
Over the past 6 months, Bitcoin’s price increased by 80.45%. In the last month, it rose modestly by 1.52%, but this past week, the price dipped slightly by 2.49%. Currently, Bitcoin is trading between $94,057 and $104,020.
Based on this data, Bitcoin’s short-term momentum appears mixed. The recent weekly decline suggests selling pressure, yet the monthly and 6-month gains indicate a strong upward trend. The Relative Strength Index (RSI) is at 52.62, indicating a neutral market. The MACD level of 165.70 points to potential upward movement.
Looking ahead, Bitcoin faces resistance at $110,157. Breaking this level could target $120,119. Support lies at $90,233, with a second support at $80,271. A move to the nearest resistance would mean an increase of about 6%; a drop to the support would be a decrease of around 4%. The 10-day and 100-day simple moving averages are $99,147 and $100,182, showing consolidation around current prices.
🔥Disclaimer 👉 This is my personal analysis for educational purposes , Buy/Sell/Trade at your own risk. I am not a financial Advisor!!
#BTCHovers100k #BERAAirdropAlert #MarketRebound
🔥Bitcoin Blasts Past $100K! Can It Hold or Is a Pullback Coming?
Bitcoin has soared beyond the significant $100,000 milestone, surprising many and stirring the market. This remarkable climb prompts speculation: Can this upward trend be sustained, or is a downturn imminent? Investors and analysts are watching closely to see what this development means for the future of cryptocurrency.
Bitcoin (BTC)
Over the past 6 months, Bitcoin’s price increased by 80.45%. In the last month, it rose modestly by 1.52%, but this past week, the price dipped slightly by 2.49%. Currently, Bitcoin is trading between $94,057 and $104,020.
Based on this data, Bitcoin’s short-term momentum appears mixed. The recent weekly decline suggests selling pressure, yet the monthly and 6-month gains indicate a strong upward trend. The Relative Strength Index (RSI) is at 52.62, indicating a neutral market. The MACD level of 165.70 points to potential upward movement.
Looking ahead, Bitcoin faces resistance at $110,157. Breaking this level could target $120,119. Support lies at $90,233, with a second support at $80,271. A move to the nearest resistance would mean an increase of about 6%; a drop to the support would be a decrease of around 4%. The 10-day and 100-day simple moving averages are $99,147 and $100,182, showing consolidation around current prices.
🔥Disclaimer 👉 This is my personal analysis for educational purposes , Buy/Sell/Trade at your own risk. I am not a financial Advisor!!
#BTCHovers100k #BERAAirdropAlert #MarketRebound
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
6
0