Bitcoin Analysis:
In a stable modeBitcoin is in a stable mode and is preparing
To test critical resistances. Technical analysis in detail: Shows
Chart Bitcoin price movement inside an ascending channel
Since the middle of the month, with relative stability at levels
Current. The price is currently approaching a major resistance at
$110,125, which is an important area that may determine the direction.
Next. Current support at $105,000 reflects confidence.
Buyers, while the uptrend line continues to support the price.
Current sideways movements indicate a possible wave formation.
New bullish, supported by price consolidation around levels
Current. Key accompanying indicators: Moving averages
Short supports the uptrend on the current time frame.
Low trading volumes during corrections reflect weakness.
Sellers. Technical signals showing a possible resistance test.
Home at $110,125 soon. Forecast
Recommendations
If the price manages to break through the level
$110,125, the next target will be at $112,000, with a potential to reach $115,000 on
Medium term. In case of downside, support is at 105,000.
Dollar provides an opportunity to re-enter, and if broken, may
The price is heading towards the stronger support level at $100,000. Investors are advised to keep an eye on the resistance areas.
And determine the trading volume at these levels to confirm
Continued upward momentum.
General notes:
Monitoring economic and political news is essential, especially as it directly impacts the movement of gold and silver. For Bitcoin,
It is preferable to follow technical developments and regulatory policies related to digital currencies.