$BTC
💰 Current price of Bitcoin (BTC)
Current price: $95,379
Change over 24 hours: +1.68%
Market capitalization: $1.84 trillion
Daily trading volume: $35 billion
Ranking among cryptocurrencies: First
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📊 Technical Analysis
General trend: Bullish, with a clear breakout of the descending wedge pattern and price stabilizing above the 200-day moving average.
Relative Strength Index (RSI): 65.8 (indicates positive momentum without overbought conditions).
50-day moving average: $90,000
200-day moving average: $85,000
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🧱 Support and Resistance Levels
First support: $92,000
Second support: $89,000
First resistance: $96,500
Second resistance: $100,000
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🔍 Influencing Factors
Large institutional flows into Bitcoin ETF funds.
Decline in the US Dollar Index enhances risk appetite towards Bitcoin.
Expectations of monetary policy easing from the Fed support the rise of cryptocurrencies.
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📈 Future Predictions
The bullish trend is expected to continue with the possibility of exceeding $96,500 in the coming days, paving the way towards $100,000.
If the support level of $92,000 breaks, we may see a correction towards $89,000.
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