The last price for one Bitcoin coin/$BTC is $97,613. It has risen by 6% in the last 24 hours. 52.88% of the days, the BTC price closed above the opening. The short-term outlook is bullish based on technical price analysis. The first major resistance of the upward trend for BTC is at $99,449, it needs to close above this level to continue moving upward, while the lower support is at $94,381. Thus, if the price drops below $94,381, we may see the price go even lower. On the other hand, if it can close above the $99,449 level, it may rise to the next resistance level at $103,491.
The 14-day Relative Strength Index (RSI) currently stands at 52.23, indicating neutral market conditions without oversold or overbought conditions. Similarly, the Relative Strength Index (RSI) of the weekly chart is at 63.48, which also indicates neutral market conditions.