💰 Current price and performance
Current price: approximately $94,403.
Daily change: Up by 0.96%.
Highest price of the day: $95,167.
Lowest price of the day: $93,767.
📊 Technical analysis
Moving averages: Indicate buy signals in the short and medium term, reflecting ongoing upward momentum.
Relative Strength Index (RSI): Exceeds 50, indicating buying strength in the market.
Pattern “Power of Three” (PO3): Indicates a transition from accumulation to distribution phase, which may lead to new price highs.
🔮 Future predictions
In the short term: If the resistance level at $95,800 is broken, the price may target $100,000 in the coming days.
In the medium term: Some analyses expect the price to reach $132,372 by May 2025.
In the long term: Optimistic forecasts suggest the price could reach $200,000 in 2025, supported by increasing institutional demand and shrinking supply.
🧠 Influencing factors
Long-term holder accumulation: Indicates investor confidence in future upward trends.
Institutional interest: Rumors about a potential purchase by Michael Saylor enhance positive expectations.
On-Chain analysis: Data indicates real buying pressure, supporting the upward trend.
⚠️ Notes for investors
Market fluctuations: Despite positive indicators, attention should be paid to potential market volatility.
Continuous monitoring: It is important to follow news and updates related to Bitcoin to make informed investment decisions.
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