Here is the current forecast analysis for Bitcoin (BTC) for today, based on market data and analysts' opinions:
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📊 Market and technical data
The current price of BTC is around 118,293 USD, with a slightly positive daily movement of about 0.01%. During the day, it fluctuated between 117,896 and 120,012 USD.
According to FXStreet, BTC has just surpassed the level of about 118,900 USD, indicating entry into the price discovery zone supported by institutional capital inflows (ETFs worth 1.69 billion USD this week).
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🔍 Short-term forecasts
Changelly predicts an increase of about 0.84%, which could mean a price close to 119,691 USD tomorrow.
Binance expects an increase of about 5%, which gives a level of 118,500–118,600 USD by tomorrow, and a range of 118,630 USD in the next 7 days.
CoinDCX forecasts a short-term increase of 1.5–3% in the next 24 hours – which gives a range of 123,500–125,000 USD if BTC maintains support at 121,000 USD.
Traders Union estimates an average 7-day increase of about 4.11%, which gives ~123,160 USD, and monthly ~125,300 USD (+5.9%).
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💡 Conclusions for today
Short-term signals are unequivocally bullish – typical price targets are 120,000–125,000 USD, with potential to ~123,000 USD later today or tomorrow.
Strong support is found in the range of 118,500–119,000 USD, while resistance may appear at 123,000–125,000 USD.
Market sentiment suggests moderate optimism, and technical indicators (MACD, EMAs) confirm the strength of the trend and possible further strengthening.
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📅 What may influence today?
1. Regulations and legislation: The further fate of "Crypto Week" (GENIUS Act, CLARITY Act) may sustain the trend – positive news may favor above 125,000 USD.
2. Inflows to ETFs: Institutions are continuously increasing assets – this is another support at a price above 120,000 USD.
3. Macro/rate changes: FED information or inflation data may influence short-term fluctuations.
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✅ Summary
In light of today's data and technical analysis, a bullish trend is expected to persist:
Short term (today–tomorrow): increases to 120–123,000 USD.
Medium term (a few days): possible approach to 123–125,000 USD.
TECHNICAL SUPPORT: 118,500–119,000 USD – defending this level is crucial.
RISKS: sudden negative legislative or macro news.
