Market Overview:
Bitcoin is currently trading at approximately $103,874 USDT. Over the past 24 hours, the price has experienced a slight increase of 0.86%. The 24-hour trading range spans from a low of $102,746 to a high of $104,005.
Technical Indicators:
Trend Analysis: The market exhibits a cautiously bullish trend. Bitcoin is maintaining its position above a key ascending trendline that has been in place since April 9, 2025. This trendline has acted as a support level during recent price consolidations.
Chart Patterns: On the daily chart, an AB=CD harmonic pattern is forming, suggesting potential for further upward movement if the pattern completes. Additionally, a pennant pattern is observed on the 4-hour chart, indicating a possible breakout in either direction.
Support and Resistance Levels: Immediate support is identified around $102,745, with stronger support near $100,957. Resistance levels are noted at $104,533 and $105,414.
Technical Ratings: Current technical analyses from multiple sources, including TradingView and Investing.com, suggest a 'Buy' signal for BTC/USDT, indicating positive momentum in the market. $BTC