BTC – Mid-Term & Long-Term Outlook
Current Price: $104,140
Market Cap: $2.05T
Mid-Term Prediction (Next 3-6 Months):
Bitcoin continues its bullish trajectory, recently touching the $104,000 mark. Institutional adoption is on the rise, with major firms like MicroStrategy increasing their holdings. Technical indicators suggest a potential consolidation phase before another upward movement.
Long-Term Prediction (6-12 Months):
With increasing mainstream acceptance and potential regulatory clarity, Bitcoin could challenge the $120,000 resistance level. However, investors should remain cautious of macroeconomic factors that might influence market dynamics.
Key Technical Indicators
RSI: Currently at 68, indicating a slightly overbought condition.
MACD: Bullish crossover observed, supporting upward momentum.
Support Levels: $98,000, $92,000
Resistance Levels: $110,000, $120,000