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Current Price:
$104,082.37 (Up +1.45%)
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Key Technical Highlights:
1. Price Movement:
BTC recently reached a high of $105,819.45, slightly below the resistance of $106,958.72.
The price is currently consolidating near the $104K level after a strong upward rally from the low of $83,034.23.
This consolidation near highs suggests potential for either a breakout or short-term pullback.
2. RSI (Relative Strength Index):
RSI(6) = 70.20
This indicates that BTC is just entering the overbought zone.
Momentum is strong, but a cool-off or correction could happen soon if buying pressure slows.
3. Market Strength:
Order Book Sentiment:
Buyers dominate with 89.23% vs. Sellers 10.77% — this is extremely bullish and supports upward momentum.
Volume:
24h BTC volume: 19,542.92 BTC
24h USDT volume: $2.01B — high liquidity confirms active trading interest.
4. Trend Overview:
7 Days: +2.71%
30 Days: +23.65%
90 Days: +5.97%
180 Days: +13.97%
1 Year: +58.38%
BTC is in a strong long-term uptrend, with consistent performance over all timeframes.
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Conclusion:
Short-term: A minor correction is possible due to high RSI. If it breaks $106.9K, expect new highs.
Support zone: $101.3K – $101.9K
Resistance zone: $105.8K – $106.9K
Outlook: Bullish, unless price dips below $100K with volume.