Bitcoin Price Analysis for Today
Today, Bitcoin ($BTC ) opened at $107,766. This is 0.30% higher than the opening price. From the maximum price over the last 30 and 7 days, its value has decreased by -3.42%, while from the minimum recorded price during the same period, it has increased by 17.81% and 5.75%.
According to our analysis, it is crucial for BTC to stay above the level of $106,202 to potentially advance towards the initial important resistance level at $108,143. In the event of a breakout above the $108,143 level, BTC could gain momentum and rise to the next resistance level at $111,909.
If the price drops, the first support level to watch will be $106,202. If this level does not hold, further declines may occur down to the next support level at $103,491.
The EMA on the daily chart indicates a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.
