$BTC
Bitcoin's current price is around $105,400, with a 2% increase in the last 24 hours. Here's a detailed analysis:
*Key Statistics:*
- *Current Price*: $105,400 (or $105,309.94 according to Finnhub)
- *Market Cap*: $2.09 trillion
- *24-hour Trading Volume*: $54.95 billion
- *Circulating Supply*: 19.87 million BTC
- *Total Supply*: 21 million BTC
*Price Analysis:*
- *All-Time High*: $109,114.88
- *Recent Performance*: 2.83% increase in the last 24 hours, 2.66% increase in the last 7 days, and 57.76% increase in the last year
- *Support and Resistance Levels*: Bitcoin recently hit a local high of $107,000 and is currently trading around $105,400, with potential resistance at $113,000 and support at $102,161.32
*Market Sentiment:*
The community is bullish on Bitcoin, with many analysts predicting further price increases. Some predictions include:
- *$120,000*: A potential target price based on Fibonacci extension levels
- *$155,000*: A possible price target based on historical trends and patterns
- *$250,000*: A long-term price prediction based on institutional investment and market trends
*Expert Insights:*
- Bitcoin's price volatility is influenced by factors like market sentiment, regulatory developments, and global events.
- Institutional investment and adoption, such as El Salvador's daily Bitcoin purchases, are contributing to the current price surge ¹ ².$BTC