BTC What’s in store for today?
Quick technical analysis of BTC (1H)
Current price: $102,695.99
24h range: $102,612.50 - $104,550.33
BTC is in a consolidation phase with a slight pullback, trading just above the Fibonacci level 0.382 (≈ $102,717), indicating a key short-term support zone. This level has acted as a decision point for buyers.
Immediate resistance: $103,054 (0.236 Fibonacci zone)
Strong support: $101,585 (0.618 Fibonacci level)
Critical support: $100,779 (0.786 level)
If the price strongly loses the support of $102,717, we could see a gradual decline towards $101,500 and even $100,700. However, if it maintains this support, it could bounce back towards $103,000.
What else is there to consider?
EMA(9): Very close to the price, indicating indecision.
Stoch RSI: In the low zone, which may suggest a bounce in the coming hours if confirmed with volume.
At this rate, it will reach 100k by May 19, start preparing your spot grids 🤑🤑🤑🤑🤑
