$BTC

signal🚨

Bitcoin's current price is $104,457.99 with a 0.12% increase. Here's a breakdown of its performance:

- *Short-term Performance*: Bitcoin has rallied nearly 10% this week, stabilizing around $103,000 to $104,000.

- *Long-term Outlook*: Analysts predict Bitcoin could reach $105,000 after its recent gains, with some expecting further growth.

- *Market Sentiment*: Risk-on sentiment prevails, driven by positive developments like trade deals and institutional interest.

*Technical Indicators*

- *Relative Strength Index (RSI)*: Currently at 72.60, indicating overbought conditions on the daily chart.

- *Moving Averages*: Short-term moving averages show a neutral to slightly bullish trend, while longer-term averages indicate strong upward momentum.

- *Bollinger Bands*: Prices are near the upper band, suggesting potential resistance around $105,000 ¹ ² ³.

*Recent Developments*

- *Institutional Interest*: Bitcoin futures and ETFs continue to attract institutional investors, potentially driving further growth.

- *Regulatory Environment*: Positive regulatory developments, such as the Brazilian Stock Exchange listing Ethereum and Solana futures, could boost market sentiment ³.