Current Price and Market Cap
Current Price: $95,500
Market Cap: $1.89 trillion
24-hour Volume: $196.71 billion
Recent Performance
1-day Change: -4.61%
1-week Change: -0.75%
1-month Change: +26.09%
Year-to-date Change: +128.44%
Technical Analysis
Moving Averages: BTC/USD is currently trading below its 50-day EMA but above its 200-day EMA, indicating a potential bullish trend if it can reclaim the 50-day EMA.
Relative Strength Index (RSI): The RSI is overbought at 76, suggesting a possible correction or consolidation.
Support Levels: Key support levels are at $92,000 and $82,000. If BTC/USD fails to hold $92,000, it could trigger a downward move toward $82,000.
Resistance Levels: The next major resistance level is around $116,000, with a potential target of $144,000 by March 2025 if it breaks above $102,000.
Market Sentiment
Recent News: Bitcoin recently hit a record high of $103,650 but fell over $10,000 in hours. The market is currently consolidating after a 50%-plus rally since November.
Expert Opinions: Some analysts remain bullish, predicting further upside, while others caution about a potential correction in 2025.
Trading Recommendations
Short-term: Monitor the $92,000 support level closely. If BTC/USD holds above this level, consider long positions with a target of $116,000.
Long-term: If BTC/USD breaks above $102,000, it could set the stage for another leg higher toward $144,000 by March 2025..
Current Price: $95,500
Market Cap: $1.89 trillion
24-hour Volume: $196.71 billion
Recent Performance
1-day Change: -4.61%
1-week Change: -0.75%
1-month Change: +26.09%
Year-to-date Change: +128.44%
Technical Analysis
Moving Averages: BTC/USD is currently trading below its 50-day EMA but above its 200-day EMA, indicating a potential bullish trend if it can reclaim the 50-day EMA.
Relative Strength Index (RSI): The RSI is overbought at 76, suggesting a possible correction or consolidation.
Support Levels: Key support levels are at $92,000 and $82,000. If BTC/USD fails to hold $92,000, it could trigger a downward move toward $82,000.
Resistance Levels: The next major resistance level is around $116,000, with a potential target of $144,000 by March 2025 if it breaks above $102,000.
Market Sentiment
Recent News: Bitcoin recently hit a record high of $103,650 but fell over $10,000 in hours. The market is currently consolidating after a 50%-plus rally since November.
Expert Opinions: Some analysts remain bullish, predicting further upside, while others caution about a potential correction in 2025.
Trading Recommendations
Short-term: Monitor the $92,000 support level closely. If BTC/USD holds above this level, consider long positions with a target of $116,000.
Long-term: If BTC/USD breaks above $102,000, it could set the stage for another leg higher toward $144,000 by March 2025..
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.