Bitcoin (BTC) is currently trading at $106,288, reflecting a 0.74% increase in the last 24 hours. The world’s largest cryptocurrency remains in a consolidation phase near local highs, as market optimism continues to support bullish sentiment.
In this article, we will look at bitcoin next target and technical levels and latest price chart.
Bitcoin Next Target
- Current Price: $106,288
- 24h Price Change: +0.74%
- 24h Range: $105,110 – $106,339
- Market Cap: ~$2.1 trillion
- 24h Trading Volume: ~$31–32 billion
- Circulating Supply: ~20 million BTC
Price had a bearish breakout from Rising Wedge, and below $108K key level (prior ATH), which could signal further weakness near-term, with downside potential to $100K support.
That would be a buying opportunity. Overall, BTC remains in a solid uptrend (above 200 SMA) and could attack $120K next.
Key Technical Indicators
- RSI (Relative Strength Index): ~62 (Bullish territory)
- MACD (Moving Average Convergence Divergence): Bullish crossover observed
- Support Levels: $103,000 – $104,000
- Resistance Levels: $106,900 (immediate), then $108,000–$110,000
- Trend Summary: Short-term uptrend with strong buyer interest near $105K
Latest Bitcoin News & Highlights
- Whale Activity: A dormant whale address purchased over 250 BTC, signaling confidence from long-term holders.
- Institutional Accumulation: Companies like GameStop and Metaplanet recently added BTC to their balance sheets.
- Market Correlation: Bitcoin’s performance continues to mirror broader risk-on sentiment in equities, particularly the Nasdaq.
👉 Short-Term Forecast: Bullish
📉 Risk Level: Moderate – watch for macroeconomic developments and volume confirmation
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