$BTC Bitcoin's price is currently around $95,200, showing some stabilization after a recent rally. Market sentiment is closely tied to upcoming US economic data releases this week, including Core PCE, ISM Manufacturing PMI, and jobs data, which could influence Bitcoin's price action.
Analysts suggest potential price targets ranging from $97,000 in the short term to much higher figures in the long term, with some forecasting up to $285,000 by 2030. However, technical analysis indicates potential bearish signals on shorter timeframes, while longer-term trends remain bullish.
Traders should monitor key support and resistance levels, currently around $91,000 and the recent high near $97,000, respectively. Overall, a cautious approach is advised, considering both the positive long-term outlook and the potential for short-term volatility influenced by economic news. $BTC
