Current Price of $BTC
Overview
Bitcoin's current price is around $107,114.08, with a 0.25% increase in the last 24 hours. The market capitalization stands at $2.13 trillion, and the 24-hour trading volume is approximately $335.74 million to $43.89 billion, depending on the source.
Recent Price Movement
The price has corrected from high supply levels around $110,000, forming a double top pattern, indicating temporary selling pressure. However, the bullish trend persists, with significant support at $100,000.
Technical Indicators
RSI: Nearing overbought levels, suggesting caution
MACD: Shows bullish momentum
- Volume: Robust, indicating sustained interest
Suggestions for Traders and Investors
Bullish Scenario
Entry Point: If the price breaks the $108,990 level with a strong close and confirms buying momentum
Targets: $113,000 (first target) and $120,000 (second target)
Stop Loss: Set a stop-loss order at $100,000 to reduce risks
Bearish Scenario
Potential Risks: Market corrections or external economic factors could impact the price
Support Levels: $105,000 (daily forecast) and $104,000 (weekly forecast)
Resistance Levels: $110,000 (daily forecast) and $112,000 (weekly forecast)
Price Forecasts
Daily Forecast: Closing price around $107,500, with a range between $105,000 and $110,000
Weekly Forecast: Closing price around $108,000, with a range from $104,000 to $112,000
1-Month Prediction: Potential high of $112,000 and low of $105,000
- 3-Month Prediction: Potential high of $120,000