$BTC

Bitcoin dropped today by 0.97%, as its price fell from $104,539.68 to $103,522.99. This decline comes as a result of market fluctuations and the impact of economic and political factors.

- *Support and Resistance Levels*: The level of $100,718.37 is considered a strong support level for Bitcoin, while the level of $104,629.96 represents strong resistance.

- *Moving Averages*: The moving averages indicate a strong buying trend for Bitcoin, which may support price increases in the coming days.

- *Technical Indicators*: Technical indicators, such as the Relative Strength Index and Stochastic Indicator, show neutral signals, indicating the possibility of continued market fluctuations.

- *Potential Rise*: If Bitcoin continues its upward trend, it may reach higher levels, supported by increasing demand and growing use of digital currencies.

- *Potential Decline*: Bitcoin may face further declines if affected by negative factors, such as changes in monetary policies or geopolitical events.

- *Dominance Ratio*: Bitcoin's dominance in the cryptocurrency market is approximately 58.74%, indicating a significant influence of Bitcoin on the market.

- *Dominance Forecast*: Analysts expect the index to target the 56% level as the first goal, with the possibility of Bitcoin's dominance declining in favor of alternative coins. $BTC