Bitcoin analysis today shows a continuation of the upward trend. Bitcoin is currently trading at a price of $99,551.58, with an increase of 2.63% according to the latest updates. This increase is considered a result of several factors, including increased institutional interest and favorable monetary policies.

*Technical Analysis:*

- The Bitcoin chart shows a continuation of the upward trend, with a neat ascending channel.

- Levels of $100,000 and $102,000 are expected to be tested in the upcoming period.

- The 200-day moving average is an important indicator of market direction.¹ ²

*Forecasts:*

- Some analysts believe that Bitcoin will continue to rise and may reach higher levels in the upcoming period.

- Elliott Wave analysis indicates the possibility of a five-wave rise, which could signal the beginning of a broader upward trend.

*Risks:*

- Trading cryptocurrencies involves high risks, and significant price fluctuations can lead to substantial losses.

- Investors should carefully consider their investment goals, level of experience, and willingness to take risks before making the decision to trade Bitcoin.³