$BTC Bitcoin's current price is $105,310.64 with a 0.04% increase. Here's a breakdown of its technical analysis:
*Trend Analysis*
- Bitcoin is in a rising trend channel in the long term, indicating increasing optimism among investors and a potential continued rise.
- In the short term, Bitcoin has broken the floor of the rising trend channel, which suggests a weaker initial rising rate.
- In the medium term, Bitcoin has broken through the floor of a rising trend channel, indicating a slower rising rate or a more horizontal development.
*Support and Resistance Levels*
- Support level: $104,000, which may give a positive reaction if reached. However, a break downwards through this level will be a negative signal.
- Resistance level: $106,000, which could give a negative reaction if tested. An upward breakthrough of this level would be a positive signal.
*Momentum Indicators*
- RSI diverges negatively against the price, indicating danger of a reaction downwards.
*Recommendations*
- *Short-term (1-6 weeks)*: Weak Positive (Score: 48)
- *Medium-term (1-6 months)*: Hold (Score: -1)
- *Long-term (1-6 quarters)*: Weak Positive (Score: 43) ¹
*Key Statistics*
- *Volatility*: 1.89% (1-day), 6.36% (5-day), 17.51% (22-day)
- *Liquidity*: $17,629.95 (1-day), $17,506.25 (5-day), $21,137.40 (22-day)
- *Volume Balance*: - (1-day), -57.13 (5-day), 19.04 (22-day) ¹