Bitcoin (BTC) price today is showing significant volatility, currently trading at around $97,337, down 2.98% from the previous price. During the day, the price ranged between a minimum of $95,718 and a maximum of $102,738.
Technical Analysis:
Relative Strength Index (RSI): Shows a reading of 31.447, indicating a potential sell condition.
Stochastic: Shows a reading of 95.525, indicating an overbought condition.
MACD: Shows a reading of -1313.4, indicating a bearish momentum.
Forecast:
According to recent analysis, Bitcoin price is facing negative pressures that may push it towards new support levels. Investors are advised to monitor key technical levels and make informed decisions based on current market movements.
Note:
Cryptocurrency markets are extremely volatile, so it is always advisable to conduct personal research and consult experts before making any investment decisions.
