$BTC
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📊 Current Price
Price: $97,707
Daily Change: Up by 0.065% in the last 24 hours
Market Cap: $1.94 trillion
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🔍 Technical Analysis
Key Resistance: $97,400
Key Support: $95,520
Relative Strength Index (RSI): At 52, indicating neutral momentum leaning towards buying
Moving Averages: The price is trading above the 20 and 50 period moving averages, supporting the upward trend
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📈 Market Signals
Bitcoin Flow from Exchanges: 5,200 BTC were withdrawn from exchanges between May 1 and 2, which may indicate accumulation by large investors
"Golden Cross" Pattern: A rare golden cross has appeared where the 23-day moving average has crossed above the 200-day moving average, which may indicate the start of a strong upward trend
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🔮 Forecast
Technical indicators suggest that Bitcoin is in an accumulation phase with the potential for a bullish breakout if resistance at $97,400 is surpassed. If the price fails to maintain this level, it may test support levels at $95,520 or lower.
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Note: This analysis is not considered investment advice. It is always recommended to do your own research or consult a financial advisor before making investment decisions.