Technical Analysis:
Support and Resistance Levels:
Support: $95,195
Resistance: $102,000
Expected Trend:
Bullish: If the resistance at $102,000 is broken, the price may target $105,100.
Bearish: If the price fails to hold above $95,195, it may head towards $91,000.
Technical Indicators:
50 MA: Meets the resistance at $95,195, adding strength to this level.
Stochastic: Shows a loss of positive momentum, which may indicate a possible downward correction.
Recommendations:
Buy: Upon a clear breakout and stability above $102,000, with a target of $105,100.
Sell: If the price breaks $95,195 and holds below it, with a target of $91,000.
Notes:
Market Volatility: Bitcoin is known for its high volatility, so it is advisable to manage risks well.
Follow the news: Global events and regulatory developments can significantly impact the price of Bitcoin.
