$BTC

Bitcoin (BTC) Analysis Today

Bitcoin's current price is $119,172.76, with a market cap of $2.38 trillion. In the last 24 hours, BTC has seen a -3.27% decrease ¹.

Key Technical Analysis Points

- *Support & Resistance Levels*: Bitcoin is consolidating between *$92,000* and *$108,000*. A breakout above *$108,000* could lead to a continuation of the bullish trend toward *$124,000*.

- *Indicators*: The Relative Strength Index (RSI) is at *52*, indicating a neutral stance but leaning slightly bullish.

- *Moving Averages*: Technical ratings show a *strong buy* signal for Bitcoin.

Market Sentiment & Predictions

- Analysts predict Bitcoin could target *$120,000* as market optimism swells after US President Donald Trump's executive order to include crypto in 401(k) plans.

- A break below *$92,000* could signal caution and lead to a broader market correction ² ³.