Bitcoin Price Analysis for Today

Today, Bitcoin ($BTC ) opened at $104,807. This is -0.62% lower than the opening price. Despite rallying to $104,888, Bitcoin (BTC) faced resistance and could not maintain the momentum to move higher. From the maximum price over the last 30 and 7 days, it has increased by 0.07%, and from the minimum recorded price over the same period, it has risen by 32.30% and 11.39%.

According to our analysis, it is crucial for BTC to hold above $103,491 in order to potentially advance towards the initial significant resistance level at $106,202. In the event of a breakout above $106,202, BTC could gain momentum and rise to the next resistance level at $108,143.

If the price falls, the first support level to watch will be $103,491. If this level does not hold, further decline may occur down to the next support level at $99,449.

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