#BTCPrediction Bitcoin Price Analysis for Today

Today, Bitcoin (BTC) opened at $96,835. This is -0.26% lower than the opening price. Despite a rally to $97,574, Bitcoin (BTC) faced resistance and could not maintain the momentum to move higher. From the maximum price in the last 30 and 7 days, its value has decreased by -1.28%, and from the minimum recorded price over the same period, it has increased by 29.45% and 3.81%.

According to our analysis, it is crucial for BTC to maintain a level above $94,381 to potentially advance towards the initial important resistance level at $99,449. A breakout above the $99,449 level could lead to an increase in BTC and a rise to the next resistance level at $103,491. The third resistance level is even higher at $106,202. These levels signal potential points where it may encounter resistance or increase in value.

If the price drops, the first support level to watch will be $94,381. If this level does not hold, further decline may occur to the next support level at $90,907.

The EMAs on the daily chart indicate a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.