$BTC

📊 Price: $118,316.75

📈 1-Year Return: +95.36%

💹 52-Week Range: $50,646 – $123,300

Price Action:

Over the past year, Bitcoin surged from the $55K range to over $118K, delivering a 95% gain. The yearly low was $50,646.67, and the high was $123,299.86. The first quarter saw a strong rally toward $74,800, followed by a consolidation phase where $99,000 acted as a major support multiple times. Renewed buying pressure pushed BTC back toward its all-time high zone.

Key Technical Levels:

Supports: $99,082 – $74,864 – $50,646

Resistance: $123,300 (all-time high area)

Technical Indicators:

RSI (Relative Strength Index): Around 68, close to overbought territory. This signals possible short-term profit-taking risk but still shows strong trend momentum.

MACD: In positive territory and above the signal line, confirming ongoing bullish momentum.

Volume: Noticeably higher during price surges, indicating strong buyer participation.

Overall Assessment:

Bitcoin remains in a strong bullish trend, trading close to its all-time high. A sustained breakout above $123,300 could open the door for new record highs. On potential pullbacks, $99K serves as the key major support. While short-term volatility remains, the medium-to-long-term outlook stays bullish, with institutional demand and macroeconomic factors providing strong tailwinds.