Current Status & Technical Overview
• Bitget’s one-day technical rating shows a neutral bias, but the moving averages signal a “Strong Buy”, while oscillators are mostly neutral. Pivot levels place Bitcoin between support at ~$115,292 and resistance near $118,689 (depending on method used).
• Barchart data indicates that Bitcoin’s price (~$116K) is above its 5-day and 50-day averages, but slightly below the 20-day average, with RSI hovering in the neutral zone (~55).
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Price Forecasts
• Traders Union expects a modest rise to ~$119,700 within a week and ~$124,900 by month-end.
• Binance suggests a similar short-term outlook, forecasting around $116,788 in the coming days, about a +5% shift from the current level.
• Changelly sees Bitcoin nudging higher to $118,272 by today, with overall market sentiment leaning mildly bullish.
