Bitcoin Price Analysis for Today
Today, Bitcoin ($BTC #) opened at $104,612. This is 0.09% higher than the opening price. From the maximum price in the last 30 and 7 days, its value has decreased by -6.44% and -5.38%, while from the minimum recorded price for the same period, it has increased by 11.98% and 0.90%.
According to our analysis, it is crucial for BTC to maintain a level above $103,491 to potentially advance to the initial important resistance level at $106,202. If it breaks above the level of $106,202, BTC may gain momentum and rise to the next resistance level at $108,143. The third resistance level is even higher at $111,909. These levels signal potential points where it may encounter resistance or increase in value.
If the price falls, the first support level to watch for will be $103,491. If this level does not hold, there may be further declines to the next support level at $99,449.
