$BTC Bitcoin $BTC : Is the $100,000 Level Support or a Temporary Phenomenon?
Current Price: Around $103,636.
Key Support: $100,000 — an important psychological and technical level.
Nearest Resistance: $106,500–$107,000. Overcoming this zone may open the way to $120,000.
Indicators: RSI above 70, indicating overbought conditions and a potential short-term correction.
Volumes: Decreased trading activity on platforms such as Coinbase may indicate caution from large investors.
Conclusion: BTC shows bullish momentum, but overbought conditions and declining volumes may lead to a short-term correction. Holding the $100,000 level will be key for continued growth.