Today, Bitcoin is around $105,140, achieving a slight increase. The price has moved within a daily range between $104,402 and $106,043, indicating noticeable volatility. Technically, Bitcoin faces resistance at $106,200, while $104,000 forms an important support level.

The price is moving near the 200-day moving average, which is an important technical indicator. The Relative Strength Index (RSI) is currently in a neutral position, which may imply a significant movement soon in either direction.

Tip of the day: If the resistance at $106,200 is broken, the price may head towards $110,000. However, if it breaks below $104,000, it may revisit the $100,000 level. It is advisable to wait for confirmation of the trend before entering a trade.

Sources: TradingView – CoinMarketCap – Investopedia – FT – News.com.au