After reaching 112 thousand dollars.. where will the price of Bitcoin head?
Before writing this analysis, I conducted a real-time search on Binance and recorded the BTC/USDT price today at 105,150 USDT.
1. Current performance: The price has corrected from 112,000 to 105,150 USDT with fluctuations between 105,046–108,865 USDT.
2. Influencing factors:
- Institutional trading volume on CME exceeded 25 billion dollars daily.
- Net withdrawal of 10,000 BTC from exchanges over the past week.
3. Technical analysis:
- RSI at 58 (positive momentum).
- MA50 at 104,200 USDT supports the price.
What is your expectation for the movement of Bitcoin's price in the coming days? Share your opinion and strategy!
