$BTC

As of today, the price of Bitcoin (BTC) is approximately $105,087.60 USD, with a 24-hour trading volume of around $34.93 billion USD. It has experienced a -0.40% price decline in the last 24 hours, reflecting short-term bearish sentiment. Over the past week, BTC is down by -0.50%, slightly outperforming the broader cryptocurrency market, which is down -1.10%. The current market capitalization stands at $2.09 trillion USD, with a circulating supply of 19,878,000 BTC (95% of its maximum supply of 21 million).

Technical Analysis

Short-Term Trend: Technical indicators suggest a bearish bias in the short term. The BTC/USD 1-hour chart shows the price trading below the Ichimoku Cloud, confirming bearish momentum. A resistance retest has occurred, and the price is struggling to break above $106,202, with support around $103,491. A break below this support could lead to further declines, potentially toward $93,409 or even $91,350 to close a gap.

Medium-Term Outlook: In the medium term, Bitcoin has broken through the floor of a rising trend channel, indicating a slower rising rate or potential horizontal development. The Relative Strength Index (RSI) at 50.49 shows neutral conditions, neither overbought nor oversold, but a negative divergence against price suggests a risk of downward reaction.

Long-Term Trend: Despite short-term volatility, Bitcoin remains in a long-term rising trend channel, reflecting sustained investor optimism over time. However, recent breaks below support at $106,000 indicate caution, with potential for further declines if momentum doesn’t recover.

Key Levels:

Resistance: $106,202, $108,143, $111,909

Support: $103,491, $102,400, $85,000

(critical long-term trendline support)

All-Time High: $111,891.30 (May 22, 2025), currently -5.71% below this level.