Analysis of Bitcoin price for today
Today Bitcoin ($BTC ) opened at $108,274. This is 0.12% higher than the opening price. From the maximum price over the last 30 and 7 days, its value has decreased by -1.78%, while from the minimum recorded price over the same period, it has increased by 10.15% and 3.01%.
According to our analysis, it is crucial for BTC to hold above $108,143 to potentially advance to the initial key resistance level at $111,909.
If the price drops, the first support level to watch will be $108,143. If this level does not hold, further decline to the next support level at $106,202 may occur.
The EMA on the daily chart indicates a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.
