$BTC is at 97,492USD. In the past 24 hours, the price of Bitcoin has fluctuated between 91,992USD and 97,688USD.
- 📈RSI Indicator: Currently, the RSI index of Bitcoin is at a neutral level, indicating that the market is neither overbought nor oversold.
- 📈MACD: The MACD line is crossing above the signal line, which is a positive sign that the upward trend may continue.
- 📈Moving Average (MA): The price of Bitcoin is currently above the short-term (50 days) and long-term (200 days) MA lines, indicating that the upward trend is still being maintained.
🔥Forecast
According to experts, if Bitcoin continues to hold above the important support level at 90,000 USD, there is a high possibility that the price will continue to rise and may reach 100,000 USD in the short term.
👉Fibonacci Analysis and Forecast for Bitcoin Price
📈Data:
Highest price: 97,688 USD
Lowest price: 91,992 USD
Fibonacci Levels:
23.6%: 96,287.68 USD
38.2%: 95,287.68 USD
50%: 94,840.00 USD
61.8%: 94,392.32 USD
100%: 91,992 USD
✅Forecast:
If the price of Bitcoin drops to 96,287.68 USD, this could be a strong support level, likely to bounce back from here.
If the price continues to fall, the levels of 95,287.68 USD and 94,840.00 USD will be the next support levels.
Conversely, if the price rises, the level of 94,392.32 USD will be the first resistance level to overcome.
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