$BTC
Current analysis of Bitcoin:
- Price: ~$104,441, near the all-time high ($109,356). Increased +8.62% in a week.
- Technical: Upward trend, support at $90,000, resistance at $105,500-$109,000. RSI at 73.59 (overbought, possible correction).
- Sentiment: Fear & Greed at 70 (greed). Dominance at 64%, strong institutional adoption (ETFs, MicroStrategy).
- Factors: 3.2% inflation reinforces anti-inflation narrative. New SEC framework could attract capital, but details are lacking.
- Prediction: Moderately bullish, possible rally to $110,000-$120,000 if it breaks resistance. Risk of short-term correction.
- Strategy: HODL, take partial profits at $110,000, use stop-loss.
📊 Solid Bitcoin, but caution due to overbought conditions and Fed. 🐂