Analysis of Bitcoin's price today

Today Bitcoin ($BTC ) opened at $102,796. It has increased by 0.91% from the opening price. After falling to $101,599, it is trying to rise above. From the maximum price in the last 30 and 7 days, its value has decreased by -1.10%, while from the minimum recorded price for the same period, it has increased by 25.21% and 10.94%.

According to our analysis, it is crucial for BTC to stay above $103,491 to potentially move towards the initial important resistance level at $106,202. In case of a breakthrough above the $106,202 level, BTC may gain momentum and rise to the next resistance level at $108,143.

If the price falls, the first support level to watch will be $103,491. If this level does not hold, further decline to the next support level at $99,449 is possible.

The EMA on the daily chart indicates a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.