🔍 Current Market Situation
Current Price: Approximately $104,459.
General Trend: Upward in the short and medium term, supported by strong buying momentum.
Key Resistances:
$105,000: Psychological and technical resistance.
$106,750 – $107,300: Critical technical resistance areas.
$109,588: Potential target if positive momentum continues.
Important Supports:
$100,000: Strong psychological and technical support.
$96,000: Secondary support in case of a correction.
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📊 Technical Indicators
Relative Strength Index (RSI): Shows overbought levels, indicating the possibility of short-term pullbacks.
MACD Indicator: Gives a positive signal, supporting the continuation of the upward trend.
Moving Averages (MA 50 and MA 200): Indicate strong buy signals, enhancing confidence in the upward trend.
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🧭 Forecasts and Recommendations
If the resistance at $107,000 is breached: The price may target levels of $109,500, and possibly reach $120,000 during the second quarter of 2025.
If the price fails to surpass the resistance: A correction may occur towards support levels at $100,000 or $96,000.
Recommendation for Investors: It is advised to hold current long positions while monitoring the mentioned resistance and support levels, and to be cautious of potential short-term corrections.
