Bitcoin (BTC) price is currently at $97,513.00.
On the daily charts, we observe that the previously mentioned $92,000 support level is maintained and the price remains above this level. Technical indicators show that the market is neutral and not in overbought or oversold territory. This suggests that the price may consolidate at current levels or prepare for a new trend formation.
If the price falls below the $92,000 support level, the next target may be $88,000. However, unless a permanent move occurs below this level, the current trend is likely to continue. On the other hand, the $100,000 psychological resistance level is a significant obstacle in upward movements. A close above this level may increase the potential for the price to reach higher levels.
As a result, it is important to be careful in the current market conditions and to pay attention to risk management. It will be useful to determine your strategies according to the support and resistance levels by closely monitoring the market movements.
