Bitcoin's current price is $103,700, with a 1.04% increase in the last 24 hours. The market capitalization stands at $2.02 trillion.
*Recent Market Trends:*
- Bitcoin has entered a bullish phase, with potential to rise above $58,200-$58,800.
- The cryptocurrency experienced high volatility due to CPI data release, resulting in a price rise.
- Some analysts predict Bitcoin could reach $59,200, $59,800, or even $60,400.
*Key Price Levels:*
- *Resistance Levels:* $59,200, $59,800, $60,400
- *Support Levels:* $55,800, $55,200, $54,700
*Expert Insights:*
- Standard Chartered analyst Geoffrey Kendrick believes Bitcoin's price target may be too low, even after apologizing for a previous $120,000 prediction.
- Thailand's efforts to attract Bitcoin traders like Dubai could potentially drive the price up ¹ ² ³.
