#BitcoinKeyZone
Today, Bitcoin price is hovering around $102,271, with the following key areas for support and resistance levels:
1. Support:
- $99,500 is the current major support level, with a potential drop towards $97,679 if price breaks lower.
2. Resistance:
- $103,227 is the first resistance level that Bitcoin needs to clear to continue its bullish momentum.
Technically:
- Bollinger Bands show an upper level at $103,036 and a lower level at $92,322.
- Exponential Moving Averages (EMA):
- EMA-20: $97,434
- EMA-50: $89,430.
The short-term forecast shows potential bullish movement, especially if Bitcoin is able to hold above the major support level and break through the resistance at $103,277.
Note: Always monitor the latest news and other fundamental factors as the crypto market is very volatile. #BitcoinKeyZone