$BTC Bitcoin (BTC) Price Analysis – What’s Next: Bullish or Bearish?
Current Price: $105,630
24h High: $107,108 | 24h Low: $102,000
Key Moving Averages:
MA(7): $104,292
MA(25): $99,462
MA(99): $90,303
Technical Overview:
BTC recently hit resistance at $107,108 before pulling back slightly. The price is currently above all key moving averages (MA7, MA25, and MA99), which indicates that the bullish trend is still intact.
Support Levels:
Immediate: $104,292 (MA7)
Strong: $99,462 (MA25)
Major: $90,303 (MA99)
Resistance Levels:
Immediate: $107,100 (recent high)
Psychological: $110,000
Major: $108,300 (previous peak from the chart)
Volume & MACD Analysis:
Volume remains strong (~30K BTC), showing decent trading interest.
MACD is slightly negative (-24.38), and the histogram is flat, suggesting bullish momentum is slowing but not reversing yet.
RSI (not shown) would be helpful to confirm if BTC is overbought.
Conclusion – What’s Next?
BTC is in a short-term consolidation after a strong bullish leg. A breakout above $107K could trigger another rally toward $110K+. However, failure to hold above $104K may open the door for a retest of $99K.
Bias: Cautiously Bullish, as long as BTC holds above $104K.