$BTC
Bitcoin's current price is $104,991.14, with a 0.02% decrease in the last 24 hours. The market capitalization stands at $2.09 trillion, with an open price of $105,012.53 and a high price of $106,128.57. The low price in the last 24 hours was $104,300.00.
*Recent News and Trends:*
- *Market Volatility*: Bitcoin's price has been affected by tensions in the Middle East, triggering a sharp decline in risk assets and wiping $1.15 billion in liquidation.
- *Price Predictions*: Analysts predict Bitcoin could slump to $100,000 amid the Trump-Musk tussle and geopolitical uncertainties.
- *Adoption*: GameStop's Bitcoin purchase and Blockchain Group's capital raise have contributed to the growing interest in Bitcoin.
- *Technical Analysis*: Bitcoin is trading below $103,800 and the 100 hourly Simple moving average, with a key bearish trend line forming at $106,600.
*Key Support and Resistance Levels:*
- *Support Levels*: $102,850, $101,750, and $100,500
- *Resistance Levels*: $103,600, $104,200, and $105,000
*Market Sentiment:*
- The Fear and Greed Index has gone down to 57, indicating a neutral attitude among investors.
- Open interest has been decreasing steadily since Bitcoin reached its latest all-time high