BTC Coin Update

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Bitcoin is currently trading around 103,200, maintaining its strong upward momentum after a key psychological level of 100,000. The market is above the demand zone of 95,000-97,500, which indicates solid buying interest and confidence from the bulls.

🔹 Current Market Situation

The BTC is maintaining its position above all major exponential moving averages (20, 50, 100, or 200) on the daily chart, which confirms the ongoing upward trend. The RSI is slightly cooling off from an overbought zone, but it is still hovering above 60, indicating the strength of the upward momentum without immediate signs of weakness.

🔹 Key Technical Levels

Bitcoin is eyeing a move towards the next resistance near 105,800. The immediate support level is around 98,500, and the next major support is at 95,200, which aligns with the previous consolidation zone.

🔹 Fundamental Factors to Watch

As we are in the current week, the absence of major economic events or institutional activity can keep the crypto market relatively sideways. The volatility may be thin, but any unexpected geopolitical or regulatory developments could still impact price action significantly.

🔹 What to Expect

With a strong technical backdrop and no major news flow expected today, BTC may either continue to push upwards or solidify above 100K. Traders should remain vigilant for any signs of a return to higher levels next week, especially ahead of major U.S. economic releases on Tuesday.