Today, Bitcoin ($BTC ) opened at $92,467. It decreased by -0.14% compared to the opening price. Compared to the maximum price over the last 30 and 7 days, its value decreased by -13.93% and -2.30%, while compared to the minimum recorded price for the same period, it increased by 13.94% and 5.08%.
According to the analysis, for potential advancement to the first major resistance level at $94,381, it is crucial for BTC to remain above $90,907. A breakout above $94,381 could give BTC momentum and lead to the next resistance level at $99,449. The third resistance level is even higher, at $103,491. These levels signal potential points where resistance or price growth may occur.
If the price drops, the first support level to watch will be $90,907. If this level does not hold, further decline to the next support level at $87,341 may occur.
The exponential moving averages (EMA) on the daily chart indicate a bearish signal. Bitcoin is above the 10- and 20-day EMAs but below the long-term 50-, 100-, and 200-day exponential moving averages.
