#BTCPrediction As of now, the price of Bitcoin is trading around $97,001, slightly up from the daily low of $93,587 and close to the daily high of $97,513.
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🔍 Short-term technical analysis
• Main trend: Bitcoin has broken the descending channel pattern and flag, indicating strong bullish momentum.
• RSI indicator: The RSI shows a positive signal, although it is in overbought territory, which could lead to a short-term correction.
• Resistance and support:
• Resistance: $100,000 and $107,000
• Support: $92,000 and $85,000