Today, Bitcoin ($BTC ) opened at $88,512. It decreased by -0.73% compared to the opening price. Despite rising to $88,888, Bitcoin (BTC) faced resistance and could not maintain the momentum for further growth. Since reaching the highest price in the last 30 and 7 days, its value has decreased by -7.03% and -2.63%, while since reaching the lowest price in the same period, it has increased by 8.42% and 4.00%.
According to our analysis, for potential advancement to the first significant resistance level at $90,907, it is crucial for BTC to hold above $87,341. A breakout above the $90,907 level could give BTC momentum and lead to the next resistance level at $94,381. The third resistance level is even higher, at $99,449. These levels signal potential points where BTC may encounter resistance or, conversely, increase in price.
If the price drops, the first support level to watch will be $87,341. If this level does not hold, further declines may occur down to the next support level at $85,188.
Exponential moving averages (EMA) on the daily chart indicate a bearish signal. Currently, Bitcoin is below all exponential moving averages.#BTC $DOGE $DOT