$BTC
We know that the current price of BTC is around $102,770, with a slight drop (~0.75%) from the previous close.
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🧐 Technical Analysis 📊
According to Binance, the price is expected to range around $102,550 today, stabilizing within a horizontal channel. The technical averages (RSI and MACD) indicate a neutral state currently.
Potential Support/Resistance:
Strong support around $102k, and if tested, the price may drop to $98k.
Resistance at $108k, and if breached, we could anticipate a rise towards **$110–120k**.
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🔮 Predictions from Leading Analysts
CCN: There is a possibility of rising towards $120k this month if the accumulation of the currency continues from large whales.
Binance: A ~5% increase over 30 days could push the price to **~$102,964**.
Strategists:
Standard Chartered: They expect BTC to rise to $120k during the second quarter and potentially reach $200k by the end of the year.
There are models (like the AVIV ratio) suggesting the possibility of reaching $330k before the bull market ends.
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⚠️ Quick Summary – Today's Outlook
Today, Bitcoin is in a consolidation phase. The current range is $102–103k.
Any breakout above $108k could lead to a move towards $110–120k in the near term.
A strong break below the support level of ~ $102k could open the door for a drop towards $98k.
Overall, the short-term trend is neutral to cautiously bullish.