Technical analysis of Bitcoin (BTC) indicates that the market is swinging between up and down. According to recent analyses, the price of Bitcoin is trading at around $105,549.53, with a decrease of 0.65% from the previous day.

*Key Levels:*

- *Resistance Level*: The level of $106,000 represents an important barrier, and the market has shown difficulty in surpassing it.

- *Support Level*: The level of $104,872.50 appears to be a strong support level, as buyers show interest in purchasing Bitcoin at this level.

*Technical Analyses:*

- *Moving Averages*: The moving averages do not show a clear trend, indicating that the market is swinging between up and down.

- *Relative Strength Index (RSI)*: The Relative Strength Index does not show any clear signals regarding whether the market will rise or fall ¹ ².

*Forecasts:*

- *Rise*: If the market can surpass the level of $106,000, it might reach higher levels.

- *Fall*: If the market fails to surpass the level of $106,000, it may drop to lower levels.

It is important to note that the cryptocurrency market is characterized by high volatility, and prices can change rapidly. Therefore, it is advised to follow daily and monthly analyses to ensure informed investment decisions ².#MyCOSTrade #MyCOSTrade