Current Price: Approximately $97,000 – $99,000.
Sentiment: Bullish but cautious. The market is currently in a "price discovery" phase near all-time highs.
Key Driver: Institutional adoption (ETFs) and the "post-halving" supply crunch are providing strong fundamental support.
Technical Analysis
Resistance: The
$BTC 100,000 mark remains the primary psychological and technical barrier. Expect significant selling pressure as traders take profits at this round number.
Support: If a pullback occurs, strong support is expected around
$BTC 93,000 and
$BTC 88,000. These levels align with previous consolidation zones.
RSI (Relative Strength Index): Currently hovering in "overbought" territory on daily charts, suggesting a brief period of sideways movement or a "healthy correction" may be imminent before the next leg up.
Note: The crypto market is highly speculative. Macroeconomic factors, such as upcoming Fed announcements or regulatory shifts, can cause rapid price swings.
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