$BTC

Current Price of Bitcoin (BTC)

Current Price: $94,616

Change in 24 Hours: -0.36%

Highest Price Today: $95,444

Lowest Price Today: $94,000

Market Capitalization: $1.85 Trillion

Daily Trading Volume: $35 Billion

Ranking Among Cryptocurrencies: First

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📊 Technical Analysis

Overall Trend: Bullish, with price stability above the 50 and 200-day moving averages

Relative Strength Index (RSI): Around 65 (Positive momentum without overbought conditions)

Chart Pattern: Ascending Triangle (Indication of a possible upcoming bullish breakout)

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🧱 Support and Resistance Levels

First Support: $92,000

Second Support: $89,000

First Resistance: $95,500

Second Resistance: $100,000

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🔍 Influencing Factors

Strong institutional flows into Bitcoin ETF funds

Decline of the US dollar boosts demand for Bitcoin as a safe haven

The US Federal Reserve hints at easing monetary policy, supporting the markets

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📈 Forecast

Bitcoin maintains positive momentum, and a breakout above $95,500 could push it to test $100,000. Breaking the support at $92,000 may lead to a correction towards $89,000.

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