Market Analysis | BTC Approaching Resistance… What’s Next?
Bitcoin continues to build its upward momentum today, trading near the $104,000 level, amid increasing optimism in the markets.
A quick look at the technical indicators:
• Overall trend: Bullish, supported by the “cup and handle” pattern
• Moving averages: Price above the 50 and 100-day averages
• RSI: Indicates overbought conditions — a minor correction is possible
• Support: $100,000
• Nearest resistance: $107,000, then $110,000
Investor Alert:
Momentum remains positive, but caution is advised for short-term pullbacks due to profit-taking.
⸻
Follow us for daily analyses to stay one step ahead of market movements.
Would you like a similar analysis for another coin?
