Bitcoin Price Analysis for Today

Today Bitcoin ($BTC ) opened at $103,255. This is -0.16% lower than the opening price. From the maximum price over the last 30 and 7 days, it has increased by 5.36%, and from the minimum recorded price over the same period, it has increased by 38.06% and 10.25%.

According to our analysis, it is crucial for BTC to maintain a level above $99,449 to potentially move towards the initial important resistance level at $103,491. If it breaks above the $103,491 level, BTC could gain momentum and rise to the next resistance level at $106,202. The third resistance level is even higher at $108,143. These levels signal potential points where it may encounter resistance or increase in value.

If the price falls, the first support level to watch will be $99,449. If this level does not hold, further decline may occur to the next support level at $94,381.

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