#EthereumFuture

Current Price: Bitcoin is trading around $93,621.16 (according to the latest update from CoinMarketCap) with a daily trading volume of approximately $30.75 billion. Overall Trend: Bitcoin has shown strong upward movement since the beginning of the year, breaking the $100,000 barrier by the end of 2024, supported by factors such as Exchange-Traded Funds (ETFs) and positive political forecasts. However, the price is now showing fluctuations within a certain range with potential corrections. Time Frame: The analysis focuses on daily (D1) and hourly (H4) time frames to understand short and medium-term trends. Technical Analysis: Support and Resistance Levels: Support: $84,300 - $85,000: A strong institutional demand area, which has seen previous bounces. $78,471 - $81,982: Low demand levels representing previous lows. Resistance: $89,923 - $91,941: A strong institutional supply area, where the price faces selling pressure. $100,000: A psychological and historical level, which may form strong resistance in case of a bounce.