*Bitcoin (BTC) Recommendations*
The current price of Bitcoin is $94,836.99, with an increase of 0.71% from the previous price. Bitcoin is expected to remain volatile, and may rise to levels of $98,500 or $102,000 if it firmly breaks the level of $94,700. Conversely, if it breaks the critical support at $93,600, it may retreat to areas of $85,000 or $74,600.
*Trading Recommendations*
- *Buy*: Provided it firmly breaks the level of $94,700, with reinforcement after each confirmation.
- *Stop Loss*: Below $93,400 to protect capital.
- *Sell*: Cautiously only with a clear break of the level of $93,600,
*Analysis and Forecasts*
- *Daily Forecast*: Bitcoin is expected to bounce from the resistance area of $96,000 down towards the support area of $89,000.
- *Expected Scenario*: Strong rise towards $98,500 or $102,000 if Bitcoin breaks the level of $94,700, or retreat to areas of $85,000 or $74,600 if it breaks the critical support of $93,600.
*Trusted Sources*
- DailyForex
- TradingView
- Finnhub² ³