BTC Analysis

The overall trend from mid-2023 until now is clearly upward.

The price underwent a noticeable correction in mid-2024, then gradually resumed its rise.

The price recently reached a new peak at around 111,000.

Resistance and Support

Current resistance area: between 108,000 and 111,000, where the price has started to show a slowdown in its upward movement at these levels.

Nearby support area: at around 95,000 – 97,000, which represents another low correction before resuming the current rise.

Stronger support at 85,000, where a strong accumulation base was formed previously.

Price Behavior

The recent candles show clear buying momentum, with a continuous rise in peaks and troughs.

The indicator shows strong volatility, approaching overbought areas, which may indicate the possibility of the price entering a correction or consolidation period.

Bitcoin is in a clear upward trend, but it is approaching strong resistance areas.