#BTCWhaleMovement Analysis of Bitcoin Price Today

Today Bitcoin ($BTC ) opened at $107,987. This is 0.05% higher than the opening price. From the maximum price over the last 30 and 7 days, its value has decreased by -2.10%, while from the minimum recorded price over the same period, it has increased by 9.79% and 2.67%.

According to our analysis, it is crucial for BTC to hold above the level of $106,202 to potentially advance towards the initial important resistance level at $108,143. In case of a breakout above the level of $108,143, BTC may gain momentum and rise to the next resistance level at $111,909.

If the price drops, the first support level to watch for will be $106,202. If this level does not hold, further decline may occur to the next support level at $103,491.

The EMAs on the daily chart indicate a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.