BTC
📊 Price Overview
Current Price: Approximately $104,855
Today's High: $105,226
Today's Low: $104,354
Daily Change: -0.75%
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🔍 Technical Analysis BTC
General Trend: Bitcoin is moving within a narrow sideways range, reflecting a state of hesitation in the market.
Relative Strength Index (RSI): Approximately 54.79, indicating neutral momentum without overbought or oversold conditions.
MACD: Positive at 1773.28, suggesting the likelihood of continued upward momentum.
Moving Averages:
50-Day: $98,972 – Buy Signal.
100-Day: $91,943 – Buy Signal.
200-Day: $94,930 – Buy Signal.
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📈 Resistance Levels BTC
$105,370: Nearby resistance level, breaking it may push the price towards $106,095.
$106,095: Psychological resistance level, surpassing it may open the door for further increases.
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📉 Support Levels BTC
$104,240: Nearby support, breaking it could lead to a decline towards $103,515.
$103,515: Strong support, maintaining it is essential for the continuation of the upward trend.
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🧭 Recommendation BTC
For day traders: Monitor the breakout at the $105,370 level with high trading volume and positive momentum indicators.
For medium-term investors: Hold positions as long as the price is above $104,240, while watching for any corrections towards the mentioned support levels.
