Bitcoin's current price is around $99,304.01, with a 2.40% decrease from its previous close price. Here's a detailed analysis:
*Key Levels to Watch*
- *Support:* $98,030.21 is a crucial support level, while $81,019.26 is a key Fibonacci support level.
- *Resistance:* $103,160 and $109,064.73 are significant resistance zones. A breakout above these levels could lead to upside continuation.
*Technical Indicators*
- *RSI:* The Relative Strength Index is a momentum-based instrument, but currently, there's no significant divergence.
- *Moving Averages:* The 3-day target is $81,019.26, while the 10-day and 21-day moving averages indicate a bearish trend.
*Potential Scenarios*
- *Bullish Continuation:* A breakout above $103,716.41 or $105,413.67 could lead to upside continuation, targeting $110,000 or higher.
- *Bearish Pullback:* Failure to break resistance may result in a retest of lower support zones, such as $98,200 or $81,019.26.
*Market Sentiment*
- Bitcoin ETFs have seen significant inflows, crossing $1 billion this week, which could
[23/06, 01:51] Meta AI: Bitcoin's current price is around $99,304.01, with a 2.40% decrease from its previous close price.