Current Bitcoin price

• Bitcoin is currently trading at around $99,599, up 2.5% in the last 24 hours. 

📊 Technical analysis

• Moving averages:

• The 50, 100, and 200-day moving averages indicate an upward trend, reinforcing the strength of technical support. 

• Relative Strength Index (RSI):

• The RSI is at 60.21, indicating that the market is not in overbought or oversold territory, showing a relative balance between supply and demand. 

• Support and resistance levels:

• Bitcoin faces strong resistance at the $97,000 level, with warning signs of a potential price correction. 

🔍 Expert predictions

• Short-term predictions:

• Experts expect that Bitcoin may face a price correction towards the demand zone between $94,200 and $94,700 if a strong rebound does not occur around current levels. 

• Medium to long-term predictions:

• Some analysts predict that Bitcoin could reach $125,000 by June, driven by increased institutional demand and the expansion of exchange-traded funds (ETFs). 

✅ Summary

Bitcoin shows strong upward momentum, with positive technical indicators supporting the continuation of the bullish trend. However, the current resistance at $97,000 may lead to a short-term price correction. Investors should closely monitor support and resistance levels and make informed investment decisions based on market movements.$BTC $ETH