$BTC Bitcoin's current price is $96,388.88, with a market cap of $1.89 trillion. Here's a brief analysis ¹:

- *Current Price Movement*: Bitcoin's price has reached a 70-day peak, driven by factors such as Michael Saylor's involvement and 21Shares' activities.

- *Market Sentiment*: The Relative Strength Index (RSI) is at 42.83, indicating bearish momentum. The Average Directional Index (ADX) is 60.28, suggesting a strong trend.

- *Support and Resistance Levels*: Support levels are at $94,000, $93,500, and $93,000, while resistance levels are at $94,500, $95,000, and $95,500.

- *Forecast*: According to FXStreet, Bitcoin looks set to head back to $100,000 after logging four straight weeks of gains.

Some key indicators to watch ²:

- *50-day SMA*: $94,394.59

- *200-day EMA*: $95,070.30, indicating bearish sentiment

- *Average True Range (ATR)*: 904.41, reflecting high volatility

Overall, Bitcoin's price movement is influenced by various factors, including market sentiment, adoption, and global economic conditions.