Recent Trends and Technical Analysis:
Weekly Performance: Bitcoin has seen a modest increase of about 0.75% over the last week.
Monthly Performance: Over the past month, $BTC has shown a more significant rise, around
2.13% to 6.20%.
Yearly Performance: Bitcoin has performed strongly over the past year, with gains of around 42% to 52%.
Short-Term Outlook: Technical analysis suggests a "neutral" short-term outlook, with
Bitcoin breaking the floor of a rising trend channel. Support is identified around $102,400 and resistance at $111,600. Some indicators like RSI show negative divergence, suggesting a potential downward reaction.
Medium-Term Outlook: The medium-term outlook is also assessed as "neutral," with the price testing resistance at $106,000.