📊 Current Price
The price of Bitcoin is currently ranging between $102,210 and $104,300, with a decrease of 1.47% over the past 24 hours.
🔍 Technical Analysis
Main Support: Located at $102,000, considered a critical level for maintaining upward momentum.
Nearby Resistance: Ranges between $105,000 and $108,956; breaking this area may open the way to reach levels of $112,000–$115,000.
50-Day Moving Average: The price continues to trade above this average, indicating a continuation of the medium-term upward trend.
📈 Technical Indicators
Relative Strength Index (RSI): Shows positive divergence, supporting the likelihood of continued upward trend.
Momentum: Despite some recent pullbacks, overall momentum remains positive, with expectations for new highs if current support is maintained.
--
🔮 Future Forecasts
Positive Scenario: If resistance at $105,000 is broken, the price may target levels of $110,000 and above, supported by the entry of new investors and easing of regulatory pressures in some markets.
Negative Scenario: If support at $102,000 is broken, the price may head towards levels of $96,000–$94,200, which are considered strong demand areas that previously showed buyer interest.
---
📝 Summary
Bitcoin shows consolidation above the critical support level at $102,000, with technical indicators supporting the continuation of the upward trend. Breaking nearby resistance may enhance the chances of reaching new record levels, while breaking support may indicate a deeper correction towards previous demand areas.
Please monitor price movements closely and update trading strategies according to market changes.
---
