$BTC
Bitcoin's current price is $106,302.71, with a 0.38% increase. Here's a breakdown of today's technical analysis¹:
- *Short-term analysis*: Bitcoin has broken the floor of the rising trend channel, indicating a weaker initial rising rate. It's testing support at $104,000, which could give a positive reaction. RSI diverges negatively against the price, indicating danger of a reaction downwards.
- *Medium-term analysis*: Bitcoin is testing resistance at $106,000. A downward breakthrough means a negative signal, while an upward breakthrough means a positive signal.
- *Long-term analysis*: Bitcoin is in a rising trend channel, showing good development. It's testing resistance at $106,000, and an upward breakthrough would be a positive signal.