### š Bitcoin Analysis: Current Market & Next 3 Months š
Current Situation:
Price:* Bitcoin (BTC) recently hit an all-time high of $92,664 and is hovering around $92,600.
Sentiment: The market is in "Extreme Greed" territory, signaling bullishness but also caution due to possible overvaluationć13ćć14ć.
Indicators:
Majority (85%) of technical indicators are bullish.
Resistance levels to watch: $90,251, $92,338, $94,876.
Key supports: $85,627, $83,089ć13ć.
Next 3 Months:
BTC is expected to maintain bullish momentum, potentially testing $96,695 in the short term and exceeding $100K by year-end if market sentiment remains strongć13ćć14ć.
The RSI indicates BTC is overbought, which could lead to temporary pullbacks. However, long-term moving averages suggest consistent growthć13ć.
Altcoins to Watch:
1. Ethereum (ETH): Strong fundamentals, likely to follow BTCās trajectory.
2. Solana (SOL): Gaining traction with innovative use cases.
3. BNB (Binance Coin): Backed by Binance, showing steady growth and utilityć13ć.
### š¢ Key Tips for Traders:
Short-Term: Take profits near resistance levels but keep an eye on bullish breakout signals.
Medium-Term: Accumulate on dips, as BTC is likely to sustain growth into 2024.
Diversify: Include strong altcoins like ETH and BNB to maximize gains.
š Stay informed, trade wisely, and capitalize on opportunities during this exciting bullish phase!
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