#MarketPullback Here is a comprehensive analysis of Bitcoin (BTC):
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📊 Current Situation
Trading currently around 101,588 USD, slightly down (~‑1.85%) from today's high.
The price is fluctuating between 101,464–103,983 USD within a narrow range indicating moderate volatility.
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Technical Indicators (from TradingView and Coin Edition)
The price is above the moving averages (EMA50/200) ~104 k–105 k, a positive signal.
Key resistance between 105,500–106,700 USD, critical support at 103,400 USD then 102k.
Momentum indicators: RSI ~44-53 neutral, MACD flat, ATR low → a quiet volatility period before the potential for a movement explosion.
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Technical Analysis
Scenario Details
Bullish Break above ~105,500–106,000 USD with a strong close could push towards ~108–110 k USD.
Bearish If it breaks 103,400–104k USD, we may see a drop towards 102k then 100,600 USD.
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Fundamental and Market Influencers
1. Geopolitical Risks:
Tensions in the Middle East have negatively impacted, but Bitcoin has maintained the level above 100 k USD.
Although it is still correlated with high-risk assets, its role as a safe haven remains limited.
