Current price: around 104,459 USD.
General trend: bullish in the short and medium term, supported by strong buying momentum.
Key resistances:
105,000 USD: psychological and technical resistance.
106,750 – 107,300 USD: critical technical resistance areas.
109,588 USD: potential target if positive momentum continues.
Important supports:
100,000 USD: strong psychological and technical support.
96,000 USD: secondary support in case of a correction.
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📊 Technical indicators
Relative Strength Index (RSI): shows overbought levels, indicating the possibility of short-term pullbacks.
MACD: gives a positive signal, supporting the continuation of the upward trend.
Moving Averages (MA 50 and MA 200): indicate strong buy signals, enhancing confidence in the bullish trend.
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🧭 Forecasts and recommendations
If the price breaks through the resistance at 107,000 USD: it may target levels of 109,500 USD, and possibly reach 120,000 USD during the second quarter of 2025.
If the price fails to surpass the resistance: a correction may occur towards support levels at 100,000 USD or 96,000 USD.
Recommendation for investors: it is advised to hold current long positions while monitoring the mentioned resistance and support levels, and to be cautious of potential short-term corrections.
