$BTC Bitcoin's current price is around $105,212.33, with a 0.17% increase. Let's break down the analysis:
*Current Trends:*
- *Short-term:* Bitcoin is in a critical accumulation phase, setting up for a major breakout soon. A breakout above $90,000-$92,000 resistance could lead to a rally towards $98,000+.
- *Long-term:* The forecast suggests a bullish trend, with potential highs of $308,966 by 2029, representing a 193.44% gain from today's value.
*Key Levels to Watch:*
- *Resistance:* $90,000-$92,000 and $98,000
- *Support:* $82,764 and $78,000-$80,000
*Predictions:*
- *Next Month:* Bitcoin's price is expected to increase by 6.65% and reach $112,432 by July 15, 2025.
- *Next 6 Months:* Bitcoin's price is forecasted to gain 10.80% and reach $116,810 by December 11, 2025.
- *2025:* Trading range between $106,480 and $179,491, with an average price of $127,638.
*Technical Indicators:*
- *RSI:* 54.22, indicating a neutral position
- *50-Day SMA:* $103,326, estimated to hit $116,607 by July 15, 2025
- *200-Day SMA:* $87,532, expected to rise to $91,237 by July 15, 2025
Based on the analysis, Bitcoin is expected to experience a significant price movement soon. Traders should wait for a clear breakout signal and manage risk carefully.