Bitcoin current price is $103,156, with a recent high of $105,912 and a low of $102,204.
Support and Resistance Levels:
- Strong support is at $92,000. If this level breaks, the price could drop to $73,000.
- Resistance levels are at $100,000 and $106,000. Crossing these levels could strengthen the bullish trend.
Technical Indicators:
- RSI (Relative Strength Index): RSI is at 74, indicating a neutral market strength.
- MACD (Moving Average Convergence Divergence): MACD value is 6,147, indicating a buy signal.
- Volume:Volume is increasing with recent price movements, supporting trend strength.
Fundamental News:
President-elect Donald Trump plans to introduce favorable policies for the crypto industry, including a strategic bitcoin reserve and a crypto council. Analysts predict Bitcoin's price could reach $400,000 in 2025 if these policies are implemented .
