$BTC
š¢ Bitcoin Updates šØāØ
Bitcoin's current price is around $103,774.06, with a recent trend showing consolidation below the $105,600 resistance level. The cryptocurrency has been trading within a narrow range, with the Relative Strength Index (RSI) at 44.4, indicating a slightly bearish bias.
Key Levels to Watch:
*Support Level*: $103,400
*Resistance Level*: $105,600
*Key Resistance*: $104,950-$105,792 (EMA confluence)
ā ļø Market Sentiment:
The Fear & Greed Index stands at 37, cautioning against impulsive moves. Analysts predict a potential surge if Bitcoin breaks above $105,500, with targets at $107,000 and $108,500. Conversely, failure to hold $103,400 could lead to a decline towards $102,000 and $100,600.
ā ļø Global Market Impact:
Global liquidity expansion could drive Bitcoin's price up, with some analysts forecasting a surge to $120,000-$125,000 this summer. Institutional interest remains strong, with digital-asset funds attracting over $4 billion in inflows in the first half of 2025.
Keep an eye on these levels and market trends to navigate the volatile cryptocurrency landscape effectively.