Alert bitcoin has entered in Bear Market ...
Bitcoin current price is $97,481, with a 4.33% decline in the last 24 hours. Here's a brief analysis based on recent data ¹ ²:
- *Key Statistics:*
- Current Price: $97,481
- Market Cap: $2.06 trillion
- Open Price: $101,889.56
- High Price: $104,085.01
- Low Price: $96,712.12
- *Technical Indicators:*
- RSI(14): 36.15 (Neutral)
- MACD(12,26): -2752.6079 (Sell)
- Moving Averages: Strong Sell signal with 13 out of 15 indicators suggesting a downward trend
- Oscillators: 3 Sell, 6 Neutral, 1 Buy
- *Support and Resistance Levels:*
- Immediate support levels: $94,547.13, $91,105.54
- Resistance levels: $100,563.90, $103,139.08
Given the current market conditions and technical indicators, Bitcoin is showing a strong sell signal, suggesting a potential decline in price. However, the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. It's essential to stay updated with the latest market trends and analysis ².
