$BTC Stock Information for Bitcoin (BTC)

- Bitcoin is a crypto asset type on the CRYPTO market.

- The price is at 102540.0 USD, currently showing a change of with a change of -1410.00 USD (-0.01%) from the previous close.

- The intraday high is 105525.0 USD and the intraday low is 101065.0 USD.

On the 4-hourly time frame (H4) on Binance, the updated technical analysis of Bitcoin (BTC) indicates a slightly downtrend with mixed signals:

🔍 Technical indicators

- Moving Average (MA) 50: Sloping downward, suggesting short-term selling pressure.

- Moving Average (MA) 200: Also tilts downward, indicating medium-term weakness.

- RSI (Relative Strength Index): It is in the neutral zone (30-70), suggesting a lack of clear direction.

📉 Key levels

- Resistance: $105,000 - an important threshold which, once breached, could signal a continuation of the uptrend.

- Support: USD 103,000 - holding above this level is crucial to avoid a sharper decline.

🔮 4-hour prediction

If BTC holds above the USD 103,000 support, there is a chance of consolidation and a possible retest of resistance at USD 105,000. However, a drop below this support could lead to a deeper correction.

It is advisable to monitor price developments and pay attention to the signals provided by technical indicators to make informed decisions.