$BTC current price is $103,521.09, with a market capitalization of $2.08 trillion. Here's a breakdown of its performance:
- *Price Movement*: Bitcoin's price has decreased by 0.49% to $103,521.09, with an open price of $104,029.21 and a high of $104,356.95. The low price is $102,602.05.
- *Trend*: The cryptocurrency is in a bullish trend, with a 10% weekly increase and a 33% surge in trading volumes, indicating growing market interest.
- *Resistance Levels*: Bitcoin faces resistance at $105,720, $107,300, and $109,354, which could trigger profit-taking.
- *Support Levels*: Support levels are at $100,790, $91,700, and $82,765, which could act as accumulation zones.
- *Market Sentiment*: The market sentiment is euphoric, with significant institutional inflows through spot BTC ETFs, indicating a strong appetite for risk.
- *Derivatives*: The open interest and funding rates suggest increasing buying pressure, but caution is needed to avoid potential overheating.
*Key Statistics:*
- *Market Capitalization*: $2.08 trillion
- *Current Price*: $103,521.09
- *24-hour High*: $104,356.95
- *24-hour Low*: $102,602.05
- *Weekly Increase*: 10%
*Future Outlook:*
The bullish scenario remains favored above $91,700, with potential targets at $105,720, $107,300, and $109,354. However, macroeconomic indicators and geopolitical events could impact Bitcoin's price movement .