$BTC Based on technical analysis, the current price of Bitcoin is in a downward trend. Some analysts predict that Bitcoin may experience further declines before recovering. Here are some potential support levels to watch¹:

- *Initial Target*: $87,400

- *Long-Term Target*: $71,200

However, it is important to remember that the crypto market is highly volatile and price predictions can vary depending on the analysis and trading strategies used. Some other analysts predict potential price increases for Bitcoin in the long run, especially if a breakout occurs in the $99,000-$100,000 range, which could trigger a rise to $200,000 or even $208,000.

The current price of Bitcoin is $102,779.99 with a price change of -2.51% in the last 24 hours.² It is important to monitor price developments and conduct further analysis before making trading decisions.