Bitcoin (BTC) is currently trading against Tether (USDT) at $103,353.08 on Binance Spot. Here's a brief overview of the market:
- *Market Sentiment*: The current market sentiment is bullish, with a mix of positive and cautious outlooks from analysts.
- *Price Movement*: Bitcoin's price has shown a rise of 0.21% to 0.74% in the past 24 hours, with some predictions suggesting it could reach $105,000 or even $140,000.
- *Technical Analysis*: Technical indicators show a buy signal, with moving averages and oscillators indicating a strong buy.
- *Key Levels*: Important levels to watch include $103,085, which needs to hold to maintain the bullish structure, and support levels at $99,265 and $90,000.
Some analysts also observe potential patterns, such as:
- *Wyckoff Distribution Pattern*: A potential pattern forming on the 1-hour chart, which could indicate a liquidity sweep towards the upside.
- *Elliott Wave*: Bitcoin might be completing a 5-wave Elliott Impulse, which could lead to a correction.
Keep in mind that crypto markets are highly volatile, and it's essential to study all available stats and technical analysis before making a decision ¹.#NewsTrade #BTC #USDT