🔹 Current price: $104,595.50, up 2.54% in the last 24 hours.
🔹 After dropping below $101,000, Bitcoin bounced off the support level at $101,500, reaching $104,543 in the late American trading session.
🔹 Technical indicators show a golden cross between the 50-day and 200-day moving averages, confirming bullish forecasts.
🔹 However, the price is still within a short-term descending channel, indicating the possibility of continued correction if the support at $103,329 is broken.
🔹 The fear and greed index has decreased from 62% to 45%, reflecting a decline in risk appetite among investors.
🔹 ETF flows are mixed: Fidelity recorded net flows of $22.8 million, while BlackRock and Invesco recorded no flows, indicating a divergence in institutional investor interest.
🔹 Market forecasts suggest a price target of $120,000 by June, provided support holds above $105,000.
📌 Summary: Bitcoin shows positive technical signals, but caution is necessary due to current volatility. Monitoring key support and resistance levels is crucial for making informed investment decisions.
