ЁЯФ╣ Bitcoin (
$BTC ) Outlook
Bitcoin is currently trading at┬а$101,353, reflecting a 5.24% increase over the past 24 hours.┬аThe price has fluctuated between┬а$95,959┬аand┬а$101,879┬аduring this period.TronWeekly
Technical indicators suggest a bullish trend:BeInCrypto
4-Hour Moving Averages:┬аThe 50-day moving average is sloping upwards, indicating short-term bullish momentum.┬аBinance+2Binance+2Binance+2
Relative Strength Index (RSI):┬аCurrently within the neutral zone (30тАУ70), suggesting balanced buying and selling pressures.Coincu+4Binance+4Binance+4
Key price levels to watch:
Support:┬аAround┬а$95,000.CoinCentral+3FXStreet+3Binance+3
Resistance:┬аApproaching┬а$102,000.
A sustained move above $102,000 could signal further bullish momentum.TronWeekly+1Binance+1
ЁЯФ╣ Bittensor (
$TAO ) Outlook
TAO is trading at┬а$414.24, up 14.81% in the last 24 hours, with a daily range between┬а$356.86┬аand┬а$418.08.
Technical indicators are mixed:
4-Hour Moving Averages:┬аThe 50-day moving average is trending downward, indicating potential short-term bearish pressure.┬аBinance
Relative Strength Index (RSI):┬аCurrently at┬а49.20, suggesting a neutral market with no strong buying or selling pressure.┬аBeInCrypto
Key price levels to monitor:
Support:┬аAround┬а$400.3Commas+2Binance+2Coinspeaker+2
Resistance:┬аNear┬а$420.crypto.news+7BeInCrypto+73Commas+7
A breakout above $420 could lead to further gains, while a drop below $400 might indicate a bearish reversal.
ЁЯУК Summary
BTC:┬аBullish short-term outlook with potential for further gains if it maintains support above $95,000.TronWeekly
TAO:┬аNeutral market conditions with no clear trend; watch for a breakout above $420 or a drop below $400 for direction.
Please note that cryptocurrency markets are highly volatile, and it's essential to conduct thorough research and consider your risk tolerance before making investment decisions.
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