Analysis of Bitcoin price for today
Today Bitcoin ($BTC ) opened at $105,555. This is -0.11% lower than the opening price. From the maximum price over the last 30 and 7 days, its value has decreased by -5.78% and -1.19%, while from the minimum recorded price over the same period, it has increased by 8.80% and 4.91%.
According to our analysis, it is crucial for BTC to maintain a level above $103,491 in order to potentially advance towards the initial key resistance level at $106,202. If it breaks above the $106,202 level, BTC could gain momentum and rise to the next resistance level at $108,143. The third resistance level is even higher at $111,909. These levels signal potential points where it may face resistance or increase in value.
If the price falls, the first support level to watch will be $103,491. If this level does not hold, further decline to the next support level at $99,449 may occur.
The EMAs on the daily chart indicate a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.
