$BTC

#bitcoin Bitcoin's current price is $88,263.86, with a 0.9% increase. Here's a technical analysis overview

- *Technical Indicators:*

- *Oscillators:* Neutral

- *Moving Averages:* Buy signal

Some analysts predict Bitcoin will reach $94,000 or even $105,000 based on bullish trends and patterns, such as:

- *Double Bottom Formation:* A clear double bottom around the $74,000 support zone indicates strong bullish potential

- *Ascending Channel:* Bitcoin's price has consistently respected the channel boundaries, forming higher highs and higher lows

- *Golden Cross:* A 4-hour golden cross could skyrocket Bitcoin to $100,000

However, others warn of potential bearish moves, citing:

- *Resistance Levels:* Strong resistance ahead, potentially around $90,667.46