Analysis of Bitcoin price for today
Today, Bitcoin ($BTC ) opened at $117,932. This is 0.15% higher than the opening price. Compared to the maximum price over the last 30 and 7 days, its value has decreased by 3.98%, while compared to the minimum price over the same period, it has increased by 20.02% and 2.41%.
According to our analysis, it is crucial for BTC to hold above $111,909 to potentially advance to the initial important resistance level at $120,899.
If the price falls, the first support level to watch will be $111,909. If this level is not maintained, further decline to the next support level at $108,143 may occur.
The exponential moving averages (EMA) on the daily chart indicate a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.
