Bitcoin (BTC) price today witnessed significant fluctuations, ranging between $95,447 and $99,496, with a current price of around $97,188, reflecting a 0.82% increase in the past 24 hours.

Technical Analysis:

Moving Averages: The price is holding above the 50-day moving average, indicating a potential bullish momentum.

Relative Strength Index (RSI): It is at the 66 level, approaching the overbought zone, and may indicate a possible price correction soon.

Support and Resistance Levels:

Support: $95,000

Resistance: $100,000

Recommendations:

Day traders: It is recommended to monitor the resistance level at $100,000; exceeding this level may open the way for further gains.

Long-term investors: It is preferable to hold current positions and monitor any potential price corrections to take advantage of buying opportunities.

Warning: Investing in cryptocurrencies carries high risks. It is always advisable to do the necessary research and consult experts before making any investment decisions.

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