Well btc is again below the $100,000 level and is even below the $90k level. So, is it the best time or level to buy for a big target, or wait for further correction?
In this article, we will try to analyze bitcoin for it’s next target and direction for the best buy level.
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Bitcoin Next Target
- Price: $88,606.00
- Market Capitalization: Approximately $1.7 trillion
- 24-Hour Trading Volume: $71.84 billion
- Circulating Supply: 19.83 million BTC
- Total Supply: 19.83 million BTC
- Max Supply: 21 million BTC
Price broke above $100K resistance, making new ATH (all-time-highs) at $108K, where it got rejected again. Price dipped back to 200-day Moving Average (support) two times and bounced off of it. Upside potential back to $100K or $108K.
Technical Overview
- Trend: Short-term trend is Down, Medium-term trend is Down, Long-term trend is Neutral.
- Momentum: Price is neither overbought nor oversold currently.
- Support and Resistance: Nearest Support Zone is $75,000.00, then $60,000.00. Nearest Resistance Zone is $100,000.00, then $108,000.00.
Recent News
- Bitcoin’s Price Fluctuations: Bitcoin recently experienced significant volatility, trading as high as $92,800 earlier today before dropping to $89,570.
- Upcoming White House Crypto Summit: President Donald Trump is set to host a crypto summit at the White House on Friday, where more details about the national crypto reserve are expected to be unveiled.
Bitcoin’s recent price movements and upcoming regulatory discussions underscore the importance of staying informed and exercising caution when engaging with the cryptocurrency market.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
