$BTC

As of February 6, 2025, Bitcoin (BTC) price is trading at $96,530, down by 0.00041% from the previous close. During the day, the price ranged between a low of $95,761 and a high of $99,167.

According to recent technical analysis, Bitcoin price managed to break through the minor resistance level at $102,900 and hold above it, supporting the continuation of the bullish trend in the short term, with the $108,350.45 level as the main target.

It is worth noting that Bitcoin is still trading within a wide range, with resistance at the $100,000 level. The 50-day moving average is showing some resistance, indicating the possibility of continuing the sideways consolidation in the coming period.

Looking at the technical analysis, it is noted that the oscillators are indicating a general rating of “strong sell”, which may indicate a potential bearish momentum. However, it is always advisable to review a variety of technical indicators before making trading decisions.

Please note that the cryptocurrency market is known for its high volatility, so it is always advisable to conduct comprehensive analysis and consult multiple sources before making any investment decisions.