Analysis of Bitcoin's price today
Today Bitcoin ($BTC ) opened at $108,949. This is -0.06% lower than the opening price. From the maximum price in the last 30 and 7 days, its value has decreased by -2.71%, while from the minimum recorded price over the same period, it has increased by 17.23% and 4.47%.
According to our analysis, it is crucial for BTC to hold above $108,143 in order to potentially advance to the initial important resistance level at $111,909.
If the price drops, the first support level to watch will be $108,143. If this level does not hold, there may be further declines to the next support level at $106,202.
EMA on the daily chart indicates a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.
