$BTC

Bitcoin fell 0.97% today, from $104,539.68 to $103,522.99. This decline is due to market volatility and the effects of economic and political factors.

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

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

- *Technical Indicators*: Technical indicators, such as the Relative Strength Index and the Stochastic Index, are showing neutral signals, indicating the possibility of continued volatility in the market. - *Potential Upside*: If Bitcoin continues its bullish trend, it could reach higher levels, supported by growing demand and increased use of cryptocurrencies.

- *Potential Downside*: Bitcoin could experience further declines if it is affected by negative factors, such as changes in monetary policies or geopolitical events.

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

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