$BTC Current Price: $108,232.33
24h Change: -0.08%
24h High / Low: $109,700.00 / $107,513.20
Volume (24h): 10,163 BTC | $1.10B USDT
š Technical Overview:
1. Trend:
BTC is in a short-term sideways consolidation, hovering around the $108K zone after a bounce from the key support near $98,200. Price is facing resistance just below $110,000.
2. Volume Analysis:
Trading volume shows mixed sentimentāwith green bars indicating occasional bullish interest, but red bars showing that sellers still hold power at resistance.
3. Moving Averages (MA):
ā¢ MA5: 4,22405 (reflects short-term volatility)
ā¢ MA10: 5,27819
ā¢ MA60: 108,078.65
ā¤ The price is just above the 60-day MA, suggesting a slightly bullish tilt in the medium term.
4. Candle Pattern:
Recent candles show wicks on both ends, signaling indecision and possible accumulation before a breakout.
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š® Forecast:
If BTC maintains above $108K and breaks $110.5K, we may see a bullish continuation toward $112Kā$115K.
However, if it falls below $107.5K, the price could retest $105K or even drop to psychological support at $100K.
