Bitcoin ($BTC) has surged past the $100,000 mark, currently trading at approximately $103,293. This rally is fueled by significant institutional inflows and positive market sentiment.
Key Highlights:
Current Price: $103,293
24h Change: +0.55%
24h High / Low: $103,954 / $102,520
Technical Analysis:
Moving Averages: Both 50-day and 200-day moving averages are trending upward, indicating a strong bullish momentum.
Relative Strength Index (RSI): Currently in the overbought zone, suggesting potential short-term corrections.
Support Levels: $100,000 and $92,000.
Resistance Levels: $107,000 and $120,000.
Forecast: Analysts predict that Bitcoin could reach $112,938 by May 11, 2025, and potentially $120,000 in the second quarter. Long-term projections estimate a price of $131,698.81 by 2030.
Trading Strategy: Utilize EMA 9/21 crossovers on 1-minute or 5-minute charts to identify micro-trends. Breakouts above local highs, such as $103,950, can offer entry points with tight stop-losses.
Join the Discussion: Are you bullish or bearish on $BTC? Share your thoughts and charts in the comments below!