$BTC

**Bitcoin Analysis Short-term Forecast:**

- **Current Price**: Bitcoin is currently trading around $104,000, after a slight decline from its peak of $105,000.

- **Overall Trend**: The market is experiencing fluctuations between $103,000 and $105,000, with strong resistance at $105,000.

- **Moving Averages**: The price is above the short-term moving averages, indicating a continued positive momentum.

- **Relative Strength Index (RSI)**: Ranges between 60 and 70, indicating moderate strength without overbought conditions.

- **Trading Volumes**: Have seen a slight increase, reflecting growing interest from investors.

- **Near-term Support**: At $100,000; breaking it could lead to a decline towards $95,000.

- **Near-term Resistance**: At $105,000; breaking it could push the price towards $110,000.

- **Influential News**: The price drop is due to concerns over U.S. inflation data and Arizona's rejection of cryptocurrency-related bills.

- **Short-term Forecast**: Fluctuations between $100,000 and $105,000 are expected to continue, with a potential bullish breakout if inflation data comes in positive.