#BTC 📊 Current Market Situation
BTC Price: 111,435 USD
24h Change: +3.43%
Daily Range: 106,178 – 111,547 USD
Market Capitalization: over 2.1 trillion USD
Bitcoin has reached a new price record, exceeding 110,000 USD, driven by increasing interest from institutional investors and positive regulatory changes in the USA.
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🔍 Technical Analysis
Formation: Bitcoin is moving in a rising wedge formation, which may suggest a potential correction.
Indicators: A “golden cross” signal is observed, where the 50-day moving average crosses above the 200-day moving average, which is considered a signal of trend continuation.
Support Levels: 107,000 USD, 100,000 USD (psychological support), 92,000 USD.
Resistance Levels: 110,000 USD (currently being tested), potentially 120,000 USD in the coming weeks.
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📈 Short-Term Forecast
Analysts predict that if Bitcoin maintains above the 110,000 USD level, further growth to 120,000 USD is possible in the coming weeks.
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🧠 Market Sentiment
Fear & Greed Index: 70 (Greed)
Sentiment: Positive, with a predominance of buy signals in technical analyses.
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🧾 Summary
Bitcoin is in a phase of strong upward trend, supported by positive fundamental and technical factors. However, investors should exercise caution by monitoring key support and resistance levels and be prepared for potential corrections.
