Bitcoin is currently trading atĀ $101,353, reflecting a 5.24% increase over the past 24 hours.Ā The price has fluctuated betweenĀ $95,959Ā andĀ $101,879Ā during this period.TronWeekly
Technical indicators suggest a bullish trend:BeInCrypto
4-Hour Moving Averages:Ā The 50-day moving average is sloping upwards, indicating short-term bullish momentum.Ā Binance+2Binance+2Binance+2
Relative Strength Index (RSI):Ā Currently within the neutral zone (30ā70), suggesting balanced buying and selling pressures.Coincu+4Binance+4Binance+4
Key price levels to watch:
Support:Ā AroundĀ $95,000.CoinCentral+3FXStreet+3Binance+3
Resistance:Ā ApproachingĀ $102,000.
A sustained move above $102,000 could signal further bullish momentum.TronWeekly+1Binance+1
š¹ Bittensor ($TAO ) Outlook
TAO is trading atĀ $414.24, up 14.81% in the last 24 hours, with a daily range betweenĀ $356.86Ā andĀ $418.08.
Technical indicators are mixed:
4-Hour Moving Averages:Ā The 50-day moving average is trending downward, indicating potential short-term bearish pressure.Ā Binance
Relative Strength Index (RSI):Ā Currently atĀ 49.20, suggesting a neutral market with no strong buying or selling pressure.Ā BeInCrypto
Key price levels to monitor:
Support:Ā AroundĀ $400.3Commas+2Binance+2Coinspeaker+2
Resistance:Ā NearĀ $420.crypto.news+7BeInCrypto+73Commas+7
A breakout above $420 could lead to further gains, while a drop below $400 might indicate a bearish reversal.
š Summary
BTC:Ā Bullish short-term outlook with potential for further gains if it maintains support above $95,000.TronWeekly
TAO:Ā Neutral market conditions with no clear trend; watch for a breakout above $420 or a drop below $400 for direction.
Please note that cryptocurrency markets are highly volatile, and it's essential to conduct thorough research and consider your risk tolerance before making investment decisions.