#BTCBackto100K

Bitcoin Analysis

Current Price and Market Cap

Bitcoin's current price is $103,210, with a 4.26% increase in the last 24 hours. The market capitalization stands at $2.01 trillion, with a circulating supply of 19.86 million BTC.

Technical Analysis

- Relative Strength Index (RSI):68.72, indicating a neutral position with a potential for growth

- Simple Moving Average (SMA): 103,068.04 (10-day SMA), 102,969.01 (20-day SMA), and 102,820.64 (100-day SMA), all indicating an upward trend

- Exponential Moving Average (EMA): 103,076.28 (10-day EMA), 102,985.72 (20-day EMA), and 102,630.86 (100-day EMA), also indicating an upward trend

Trends and Predictions

- Short-term: Bitcoin's price is expected to continue its upward trend, with potential resistance levels at $104,176.05 and $109,160.2.

- Long-term:The cryptocurrency's value could increase due to growing institutional interest and adoption.

Key Statistics

24-hour Trading Volume: $447.22 billion

BTC Dominance: 61.48%

All-time High:$109,160.2

Change from ATH:-7.23%

Expert Insights

- Standard Chartered predicts Bitcoin could reach $200,000 by the end of 2025 and $500,000 by 2028.

- Michael Saylor predicts Bitcoin's market cap could reach $200 trillion, calling it an "immortal asset"