The current price of Bitcoin is approximately $112,546.25, with a decrease of 1.79% over the past 24 hours. The market capitalization of Bitcoin reaches $2.29 trillion. The current support level for Bitcoin is around $94,909, while the resistance level is at $99,504. Any break of these levels could indicate the price direction in the coming days.[¹](https://finnhub.io/?q=BTC) [²](https://www.arabcryptocap.io/analysis/btc/)

*Technical Analysis of Bitcoin:*

- *Relative Strength Index (RSI):* Indicates that Bitcoin is not in an oversold or overbought area, as the RSI is in the range of 30-70.

- *Simple Moving Average (SMA):* Indicates a period of limited volatility or calm before a potential change in direction.

- *Fibonacci Retracement Levels:* May help in determining the future price direction, with the possibility of a rebound at the 0.618 Fibonacci level.[³](https://ar.tradingview.com/symbols/BTCUSD/)

*Analysts' Predictions:*

- Some analysts expect the upward trend of Bitcoin to continue, while others see the possibility of a downward correction before resuming the upward trend.

- The Bitcoin chart analysis shows various buy and sell signals, depending on the time frame used.[⁴](https://www.fxnewstoday.ae/crypto/bitcoin/analysis)