#CryptoCharts101 #BTC

Today's analysis of Bitcoin (BTC) shows a positive performance with an increase of 4.06%, bringing its price to approximately $110,276.05. The market capitalization of Bitcoin is about $2.09 trillion, reflecting its strength in the cryptocurrency market ¹.

Technical Indicators:

- General Trend: Neutral, with potential for an increase if the upward momentum continues.

- *Oscillators*: Neutral, with a tendency to buy.

- *Moving Averages*: Buy signal, supporting the positive outlook for the market ².

Forecast:

- Some analysts expect the rise to continue towards levels of $140,000 or $170,000, while others see a possibility of a downward correction if the price breaks below $100,000.

- The formation of a bearish double top pattern on the hourly timeframe may indicate a potential downward movement ².

Key Levels:

- Support Level: $105,000, followed by $103,170 in case of a decline.

- Resistance Level: $110,530, followed by $112,000 in case of an increase.

Investors should monitor these levels and assess risks before making any investment decisions.