#HODLTradingStrategy $BTC Bitcoin's current price is around $117,299.30, with a market cap of $2.44 trillion. Here's a breakdown of its recent performance
- 24-hour range: $115,736.92 - $120,201.32
- Open price: $120,117.68
- High price: $120,201.32
- Low price: $115,736.92
- Percent change: -2.35%
🔴 Short-term Predictions:
- Today's forecast:
📍 Bitcoin is anticipated to trade within a range of $114,828.25 to $118,846.89, considering current market volatility and recent price patterns.
- Tomorrow's prediction:
📍Key levels to watch are $107,230 and $105,990. A break above $107,230 could fuel further bullish action, while a break below $105,990 favors downside momentum.
🟤 Technical Indicators:
- Relative Strength Index (RSI): Currently at 76.95, indicating overbought conditions, which may lead to a price drop in the near term.
- Exponential Moving Averages: Show a bullish trend on the daily chart.
Resistance and Support Levels:
- Resistance level: $122,147.00
- Support level: $116,769.00
Keep in mind that these predictions are based on current market trends and volatility, and actual prices may vary.