Bitcoin Price Analysis for Today

Today, Bitcoin (67560645400) opened at $105,676. This is -1.03% lower than the opening price. Despite rallying to $105,806, Bitcoin (BTC) faced resistance and could not maintain the momentum to move higher. From the maximum price over the last 30 and 7 days, its value has decreased by -6.54% and -5.48%, while from the minimum recorded price for the same period, it has increased by 11.86% and 1.34%.

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 $106,202 level, BTC may gain momentum and rise to the next resistance level at $108,143. The third resistance level is located even higher at $111,909. These levels signal potential points where it may encounter resistance or increase in value.

If the price drops, the first support level to watch will be $103,491. If this level does not hold, further declines may occur down to the next support level at $99,449.