Current Price: $103,000 – $104,500
Main Support: $98,000
Next Resistance: $107,000 – $110,000
General Trend: Bullish with temporary consolidation periods
1. Technical Analysis (Daily Frame):
RSI: In a moderate range (60–65), supporting continued momentum
MACD: On a positive trajectory since the beginning of May
Chart Pattern: Narrow range trading between 101k and 104k, which may pave the way for a strong breakout
Note: A clear break above the 105k level may push the price to 110k and above.
2. Fundamental Analysis:
Institutional Demand: ETF funds continue to withdraw Bitcoin from the market
Scarcity: Supply decreases after the halving, creating upward pressure
Market Confidence: Fear and Greed indicators signal 'Greed', reflecting broad optimism
Conclusion:
