#BTCPrediction Bitcoin Price Analysis for Today Today Bitcoin (BTC) opened at $96,835. This is -0.26% lower than the opening price. Despite a rally to $97,574, Bitcoin (BTC) encountered resistance and was unable to maintain the momentum to move higher. From the maximum price over the last 30 and 7 days, its value has decreased by -1.28%, while from the minimum price recorded over the same period, it has increased by 29.45% and 3.81% respectively.
According to our analysis, it is crucial for BTC to maintain a level above $94,381 in order to potentially advance towards the initial important resistance level at $99,449. A breakout above the $99,449 level may lead to an increase in BTC and rise to the next resistance level at $103,491. The third resistance level is even higher at $106,202. These levels signal potential points where it may encounter resistance or increase in value.
If the price drops, the first support level to watch for will be $94,381. If this level is not maintained, further decline to the next support level at $90,907 may occur.
The EMA on the daily chart indicates a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.
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