Bitcoin ($BTC ) Price Chart Analysis

Current Price:

* 118,586.4 USDT (Rs 33,749,408.39)

24-Hour Performance:

* High: 120,348.0

* Low: 117,538.8

* Volume (BTC): 29,478.593

* Volume (USDC): 3.51B

* Change: +0.21%

Moving Averages (Hourly):

* MA(7): 118,904.5

* MA(25): 119,092.8

* MA(99): 118,293.7

Key Observations:

* Bitcoin is showing a slight positive change of +0.21% in the last 24 hours.

* The current price is below the MA(7) and MA(25), but above the MA(99), suggesting short-term consolidation or a minor pullback within a broader uptrend.

* The chart shows a recent downtrend from a high of 120,348.0, indicating some profit-taking or cooling off after a run-up.

* Trading volume appears to be moderate.

Performance Over Time:

* Today: -1.09%

* 7 Days: +1.56%

* 30 Days: +19.28%

* 90 Days: +26.71%

* 180 Days: +12.47%

* 1 Year: +95.24%

Conclusion:

Bitcoin remains in a strong long-term uptrend, with impressive gains over the past year and several months. The current hourly chart indicates a period of short-term consolidation or minor correction. Watch for a bounce from current levels or a test of lower support.

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