Current price: Around $102,300 - $103,400 (with fluctuations across different exchanges).
Recent performance:
Last 24 hours: Slight decrease of -0.1% to -0.99%.
Last 7 days: Notable increase, with gains ranging from +8% to +9%.
Last 30 days: Strong positive performance, with an increase of approximately +20% to +22%.
Market sentiment and analysis:
Approaching all-time high: Bitcoin is nearing its all-time high, generating excitement. However, some analysts point to potential exhaustion signs on shorter timeframes, indicating a possible pullback before further rises.
Bullish momentum: Overall, the trend in the medium and long term is considered bullish. Bitcoin is trading within an upward channel, indicating sustained bullish momentum. Short-term momentum is also very positive, with the RSI exceeding 70, indicating increasing investor optimism.
Support and resistance: Resistance is noted at the level of $105,500. A breakout above this level could indicate further gains. Support levels are being monitored, with some analysts indicating a key support at $103,440.
Trading volume: The 24-hour trading volume remains high, indicating continued interest.
Market capitalization: Bitcoin's market capitalization is approximately $2.05 trillion, maintaining its position as the leading digital currency.
News and catalysts: Recent news includes discussions about potential ETF inflows and reactions to trade developments between the US and China.
Technical analysis:
Moving averages: Indicate strong buying on the long term, with some selling pressure on the short term.
Relative Strength Index (RSI): An increase in the RSI indicates overbought conditions in the short term, warranting caution in anticipation of any potential short-term corrections.
Moving Average Convergence Divergence (MACD): Shows a sell signal on some timeframes.
General sentiment: Technical analysis summaries vary, with some indicating 'strong sell' in the short term, while others suggest 'buy' or 'strong buy' in the long term.
Key points to watch:
Breakout or rejection at all-time highs: Bitcoin's interaction with its previous all-time highs will be crucial.
Consumer Price Index data: As always, upcoming Consumer Price Index data and market reactions will influence Bitcoin's price movement.
Whale activity and liquidations: Large movements and liquidations can lead to significant price volatility.