#تحليل_البيتكوين Special for Bitcoin Investors

Technical Analysis

First: Support and Resistance Levels:

Strong support at $107,000, followed by $100,000, then $92,000.

Current resistance at $110,000, which represents the highest historical level recorded recently.

Second: Technical Indicators:

Moving averages indicate the continuation of the upward trend, as the price trades above the 50-day and 200-day moving averages.

The Relative Strength Index (RSI) shows signs of overbought conditions, which may indicate a potential price correction soon.

Future Expectations

Despite a slight decline today, the overall outlook for Bitcoin remains positive in the medium to long term, supported by increasing institutional interest, such as BlackRock's recent investment of $877 million #دولار in #البيتكوين .

Expectations for the coming weeks range between stabilizing the price above $107,000 with the possibility of testing higher levels, reaching up to $120,000, if current supportive factors continue.

Recommendation 👇❤️

I advise monitoring the mentioned support and resistance levels and using appropriate risk management strategies, especially amid current volatility.

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