#MajorAirdropWatch Currently, the price of Bitcoin (BTC) is maintaining above $95,000 after reaching a peak near $100,000 in early December. Technical indicators suggest that the bullish trend remains dominant, with key support levels around $92,000 and resistance at $102,000. If the price breaks above $102,000, the market could aim for higher levels, such as $111,000 and $127,000, according to technical analysis models.
The RSI (Relative Strength Index) is currently at 64, indicating that Bitcoin is neither overbought nor oversold, but is still far from the overbought zone (70). This helps maintain a positive outlook on the price. Additionally, the amount of Bitcoin on exchanges continues to decrease, creating a scarce supply, while Bitcoin ETF funds are seeing strong inflows, further boosting demand.
However, with the high volatility of the cryptocurrency market, you should monitor important support levels and continuously update information to have an appropriate trading strategy.