Bitcoin (BTC) Price Prediction: BTC/USDT Sustains Around $104,000
Bitcoin has been impressive recently, with its price action advancing through key levels with considerable ease. However, at this point, price action appears to be hovering around the $104,000 level. Nevertheless, the market still shows strong potential for further upward movement.
$BTC BTC/USDT Long-Term Trend: Bullish (Daily Chart)
Key Price Levels:
Resistance: $105,000, $110,000, $115,000
Support: $100,000, $95,000, $90,000
As previously noted, Bitcoin's price has been on the rise. However, the market is currently experiencing a consolidation phase. The most recent daily candle is red and shaped like a doji, indicating indecision.
