Bitcoin price analysis for today
Today, Bitcoin ($BTC ) opened at $100,983. It's up by 0.45% from the opening price. Despite rallying to the $102,385 level, #bitcoin (BTC) faced resistance and was unable to maintain the momentum to move higher. From the maximum price of the last 30, and 7 days it's value is down by -8.33% and -6.78%, and from the minimum recorded price in the same timeframe, its up by 3.07%.
According to our #analysis , it is crucial for BTC to maintain a level above $99,449 to potentially progress towards the initial major resistance level at $103,491. An upside break above the $103,491 level, $BTC might gain traction and rise toward the next resistance level at $106,202. The third resistance level is located even higher at $108,143. These levels signal potential points where it might hit resistance or increase of value.
If the price drops, the first support level to watch is $99,449. If this level does not hold, a further decline to the next support level at $94,381 is possible.
