Bitcoin, where to and when will it achieve the awaited dream soon...
The price of Bitcoin today is approximately $117,288.46, with an increase of 5.61% over the past 24 hours. The market capitalization of Bitcoin is around $2.33 trillion, with a daily trading volume of $102.9 billion. The circulating supply of Bitcoin is 19.89 million Bitcoins, while the maximum supply is 21 million Bitcoins.
Technical forecasts for Bitcoin:
- Support and resistance: The main support for Bitcoin is $110,600, while the main resistance is $112,000. If Bitcoin continues to trade above $110,600, it may reach $112,000 and $113,388.
- Moving averages: Bitcoin's moving averages show positive signs, supporting the upward trend.
- Relative Strength Index: The Relative Strength Index for Bitcoin shows that it is not in the overbought or oversold territory, leaving room for buyers to step in.
Key levels for Bitcoin:
- Support: $110,600, $109,115
- Resistance: $112,000, $113,388
Analysts' forecasts:
- Potential rise: Some analysts believe that Bitcoin could reach $120,000 in the near future, especially if the upward trend continues.
Reasons: Analysts attribute the potential rise to several factors, including increased institutional demand for Bitcoin and investment inflows into Bitcoin ETFs.$USDC