Bitcoin (BTC) analysis for today shows a neutral performance leaning towards a decline with a slight decrease of 0.48% over the past 24 hours. The current price of Bitcoin is approximately $102,340.01.
*Technical Indicators:*
- Relative Strength Index (RSI): 46.80, indicating a neutral trend.
- Moving Averages: Show strong buy signals in the long term, while technical indicators show neutral signals in the short term ¹ ².
*Forecasts:*
- Continued fluctuations in Bitcoin's price are expected due to the global economic context and the impact of rising U.S. bond yields.
- Traders are watching the current support level at $100,000, where Bitcoin may face significant selling pressure if it fails to maintain this level.
*Long-term Performance of Bitcoin:*
- Bitcoin has risen by 56.87% over the past year, while showing a positive performance of 8.96% since the beginning of the year to date.
- The current market capitalization of Bitcoin is approximately $2.02 trillion, with a daily trading volume of around $34.22 billion ¹.