$BTC is currently trading at $110,796.87 with a 0.57% increase in the last 24 hours. Technical indicators suggest a bullish sentiment in the short term. Here's what we can expect:
Short-term Prediction:
- Next 24 hours: Bitcoin's price is predicted to trade between $110,293.12 and $111,970.17, with a potential increase if it breaks above the resistance level.
- Resistance levels: $109,409, $111,813, and $113,223
- Support levels: $105,360 and $101,691
Market Sentiment:
- Bullish: The current sentiment is bullish, with a Fear & Greed Index of 70, indicating greed.
- Relative Strength Index (RSI): 69.59, hinting that a bearish correction might be on the edge
Potential Price Movement:
- If Bitcoin breaks above $109,409, it could lead to further gains, potentially reaching $111,813 or higher.
- However, if the price falls below $105,360, it may drop even lower, with support at $101,691