📊 #BitcoinKeyZone Update: Latest BTC Price & Technical Analysis
Current Price: Bitcoin ($BTC BTC) is trading at approximately $102,614, holding strong after recently reaching an all-time high of $104,000 earlier this month. This represents a significant breakout above the key $98,000 resistance level.
Market Sentiment: The Fear & Greed Index currently shows Extreme Greed (78), reflecting strong market optimism. However, this could also signal an overvalued market.
Technical Overview:
Key Support Levels: $99,634, $98,054, $97,263
Key Resistance Levels: $102,796, $104,376, $110,000
Indicators suggest a bullish trend, with 87% of metrics favoring an upward movement. The price is trading above its 9-day and 21-day moving averages, further reinforcing momentum.
Forecasts: Analysts predict potential surges toward $110,000-$115,000 in the short term if BTC maintains its current momentum. Historical trends suggest December could deliver gains of up to 30-46% during election years, potentially pushing BTC as high as $131,000 by year-end.
Insights: Institutional demand continues to grow, with Bitcoin ETF inflows exceeding $31 billion. This has contributed to a "supply vacuum," as exchange
Crypto Mama says: BULLISH is long term.. Short term volatility expected
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