Bitcoin is currently trading at $101,353, reflecting a 5.24% increase over the past 24 hours. The price has fluctuated between $95,959 and $101,879 during this period.TronWeekly
Technical indicators suggest a bullish trend:BeInCrypto
4-Hour Moving Averages: The 50-day moving average is sloping upwards, indicating short-term bullish momentum. Binance+2Binance+2Binance+2
Relative Strength Index (RSI): Currently within the neutral zone (30–70), suggesting balanced buying and selling pressures.Coincu+4Binance+4Binance+4
Key price levels to watch:
Support: Around $95,000.CoinCentral+3FXStreet+3Binance+3
Resistance: Approaching $102,000.
A sustained move above $102,000 could signal further bullish momentum.TronWeekly+1Binance+1
🔹 Bittensor ($TAO ) Outlook
TAO is trading at $414.24, up 14.81% in the last 24 hours, with a daily range between $356.86 and $418.08.
Technical indicators are mixed:
4-Hour Moving Averages: The 50-day moving average is trending downward, indicating potential short-term bearish pressure. Binance
Relative Strength Index (RSI): Currently at 49.20, suggesting a neutral market with no strong buying or selling pressure. BeInCrypto
Key price levels to monitor:
Support: Around $400.3Commas+2Binance+2Coinspeaker+2
Resistance: Near $420.crypto.news+7BeInCrypto+73Commas+7
A breakout above $420 could lead to further gains, while a drop below $400 might indicate a bearish reversal.
📊 Summary
BTC: Bullish short-term outlook with potential for further gains if it maintains support above $95,000.TronWeekly
TAO: Neutral market conditions with no clear trend; watch for a breakout above $420 or a drop below $400 for direction.
Please note that cryptocurrency markets are highly volatile, and it's essential to conduct thorough research and consider your risk tolerance before making investment decisions.
