Bitcoin analysis indicates a continuation of the upward trend with some potential fluctuations. Here are some key points¹ ²:
- *Current Price*: The price of Bitcoin is approximately $102,968.26, with a recent increase of 6.07%.
- *Upward Trend*: Technical analysis suggests the upward trend will continue, with the price potentially reaching levels of $100,000 and $102,000.
- *Support and Resistance Levels*: The $95,500 level is considered strong support, while the $97,500 level represents strong resistance.
- *Potential Scenarios*:
- *Bullish Scenario*: A breakout above $97,500 could lead to the price reaching levels of $100,000 and $103,000.
- *Bearish Scenario*: A break below $95,500 could lead to a downward correction towards levels of $90,000 and $86,000.
