To determine whether you should buy or sell BTC today, let's analyze the current market trends and technical indicators.
*Current Price:* Bitcoin's current price is around $119,541.83, with a 0.39% increase in the last 24 hours.
*Technical Indicators:*
- *Relative Strength Index (RSI):* Neutral zone, indicating a balanced market.
- *Moving Averages:* Slightly bullish, with the 10-day Simple Moving Average at $118,783.35 and the 100-day Exponential Moving Average at $118,437.14.
*Market Sentiment:*
- *Short-term:* Neutral to slightly bullish, with a potential upward movement.
- *Long-term:* Bullish, with predictions of reaching $137,000 amid increased odds of Federal Reserve rate cuts.
*Key Statistics:*
- *24-hour range:* $118,252 - $120,203
- *7-day range:* $113,470 - $122,227
- *Market capitalization:* $2.38 trillion
- *Trading volume:* $47,613,478,213.21 in the last 24 hours
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