#BTCtrade Bitcoin's current price is $102,720.01, with a 1.60% increase in the last 24 hours. Here's a snapshot of potential next moves:
- *Short-term prediction*: Bitcoin might reach $104,437 in the next day, representing a 1.42% increase. In the next five days, it could surge to $126,224, marking a 22.58% growth.
- *Resistance levels*: Key resistance levels to watch are $105,567, $108,055, and $112,379. A break above these levels could signal further price growth.
- *Support levels*: Important support levels include $98,754, $94,430, and $91,942. A drop below these levels could indicate a further decline.
Some indicators to consider are¹:
- *50-Day SMA*: $88,187, signaling a buy
- *200-Day SMA*: $86,068, signaling a buy
- *14-Day RSI*: 75.83, indicating a neutral market position but slightly overbought
Given the current market sentiment is bullish, with 29 technical indicators signaling bullish signals and 3 bearish signals, Bitcoin might continue its upward trend. However, cryptocurrency markets are highly volatile, and actual prices may differ from predictions.