MARKET ANALYSIS of BITCOIN (BTC)
1. CAPITAL FLOW
•Net Capital Flow: $1,505,013,081
•Capital Inflow: $6,326,228,612
•Capital Outflow: $4,821,215,531
The capital flow shows a positive balance, indicating that more capital is entering the market than leaving, which is an optimistic sign for Bitcoin.
2. SUPPORT and RESISTANCE
•Resistance Price: $91,424
•Support Price: $87,159.60
3. CONCLUSION
Bitcoin shows a positive capital flow, which is an encouraging sign for investors. However, technical indicators, such as the RSI, suggest that the asset may be overbought, which could lead to a correction. The current price is close to the resistance at $91,424, and the support at $87,159.60 will be crucial in determining the next price movement.