Bitcoin Price Analysis for Today
Today, Bitcoin ($BTC ) opened at $119,956. This is 1.19% lower than the opening price. Compared to the maximum price over the last 30 and 7 days, its value has decreased by 3.64% and 1.96%, while compared to the minimum price over the same period, it has increased by 20.44% and 2.22%.
According to our analysis, it is crucial for BTC to hold above $111,909 in order to potentially advance to the initial key resistance level at $120,899.
If the price drops, the first support level to watch will be $111,909. If this level does not hold, further decline may occur to the next support level at $108,143.
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
