BTC

$BTC is reflecting a recent upward movement after a dip, as the price approaches the upper Bollinger Band at $120,105.77, suggesting potential overbought conditions. The RSI (14) at 41.27 indicates neutral momentum, neither overbought nor oversold, but leaning toward a possible consolidation or minor pullback, while the MACD, with a line at -12.64 below the signal line at -15.39 and a negative histogram at -11.09, points to bearish momentum that may be weakening as the gap narrows. With the price near the middle Bollinger Band at $119,235.41, key resistance levels are identified at $120,105.77 (upper band) and $120,063.84 (recent high), while support levels lie at $118,365.05 (lower band) and $118,181.14 (recent low). A breakout above $120,105.77 could target $120,500-$121,000, whereas a drop below $118,181.14 might test $117,500, making it crucial to monitor volume and RSI for confirmation as the price appears to be in a consolidation phase with mixed signals.
$BTC