Bitcoin Price Analysis for Today

Today, Bitcoin ($BTC ) opened at $105,574. This is 1.03% higher than the opening price. After dropping to $105,074, it is attempting to rise above. From the maximum price over the last 30 and 7 days, its value has decreased by -4.69% and -3.34%, while from the minimum recorded price over the same period, it has increased by 6.12% and 3.64%.

According to our analysis, it is crucial for BTC to hold above the level of $106,202 in order to potentially advance to the initial important resistance level at $108,143. In the case of a breakout above the level of $108,143, BTC could gain momentum and rise to the next resistance level at $111,909.

If the price falls, the first support level to watch will be $106,202. If this level does not hold, further decline to the next support level at $103,491 may occur.

The EMA on the daily chart indicates a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.