Bitcoin Price Trend Today: $BTC Towards Support Level or Breakout?"
Bitcoin ($BTC) is currently trading around $98,522, showing significant volatility in the last 24 hours with a high of $99,496 and a low of $92,192.
RSI Indicator: Showing a value of 55, indicating neutral market conditions.
Moving Average (50-Day): The price is currently above the 50-day MA, indicating a short-term bullish trend.
Tips:
Day Traders: Consider an entry at the support level around $92,000 with a tight stop-loss.
Breakout: If the price breaks through the resistance at $100,000, the next target could be around $105,000.