$BTC
Bitcoin's current price is $103,497.48, with a 1.61% decrease in the last 24 hours. Here's a brief analysis :
Short-term trend: Bitcoin is in a rising trend channel, signaling increasing optimism among investors, but it's testing support at $102,400, which could give a positive reaction or a negative signal if broken.
Medium-term trend: The currency has broken the floor of the rising trend channel, indicating a weaker initial rising rate, and has given a negative signal for the short-term trading range.
Long-term trend: Bitcoin is in a rising trend channel, showing good development, but the negative volume balance weakens the currency.
Key stats:
Market capitalization: $2.08 trillion
24-hour trading volume: $49.79 billion
Circulating supply: 19.88 million
Recommendation:
Based on technical analysis, the overall assessment is:
Short-term (1-6 weeks): Positive (Score: 62)
Medium-term (1-6 months): Negative (Score: -74)
Long-term (1-6 quarters): Hold (Score: -11)