$BTC The BTC price on Wednesday rose to $103500. Over the past day, it increased by 0.77%, and over the week – by 6.93%.

Technical analysis confirms a positive outlook. Signals for a possible continuation of the uptrend remain. However, after a prolonged increase, a short-term consolidation phase may occur, lasting several days.

Key support remains at the level of $98,500; a break below this level could lead to a decrease in buying interest by the end of May. The nearest intraday resistance and target for the near term is $106700.

The capitalization of the cryptocurrency sector reached $3.36 trillion. The indicator has increased.