$BTC Currently, Bitcoin $BTC is trading at around $105,120, up 3.44% in the past 24 hours, and up 5.46% on a weekly basis. The daily trading range is $101,590 to $106,460, while the 24-hour trading volume is around $29 billion. This reflects a strong interest in the coin amid the current market momentum.

Technical Analysis: $BTC

RSI (Relative Strength Index): At 68.4, indicating that it is approaching the overbought zone.

Moving Average Levels:

20-day moving average: $98,960 (buy signal).

50-day moving average: $89,519.

MACD: Shows balanced signals between buying and selling forces.

Intraday Forecast:

General Market Trend: Strong positive momentum with a breakout of key resistance levels.

Support and Resistance Levels:

Support: Around $101,000.

Resistance: At $106,460 (52-week high).

Advice:

If you intend to trade, it is advisable to monitor technical indicators carefully, as the market may witness short-term corrections as it is close to overbought levels