#BTCtrade $BTC The movements of Bitcoin (BTC) show strong signals for continued upward momentum, supported by increased institutional liquidity and growing investor interest. (TradingView)
🔹 Current Price and Volatility
The price of Bitcoin is currently ranging between $102,000 and $104,000, with a 24-hour high of $104,297 and a low of $102,144. This performance reflects a 1.92% increase over the day and 6.52% over the past week. (Binance)
📊 Technical Analysis: Bullish Signals
Overall Trend: Bitcoin is moving within an upward channel on the hourly timeframe, with strong support at levels of $94,000 – $95,000. (TradingView)
Technical Indicators: The Relative Strength Index (RSI) is approaching the overbought territory at a level of 68, indicating the possibility of continued upward movement, with the potential for short-term corrections. (Blockchain News)
Moving Averages: The 50-day moving average at $92,000 provides strong support, while the 200-day moving average at $85,500 confirms the long-term upward trend. (Blockchain News)
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