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Bitcoin (BTC) is approaching the main resistance after recovering 106 thousand dollars

  • Bitcoin (BTC) reaches $ 106.039 with a daily profit of 0.52 % and a 2.1T market cover.
  • The main support is 103,800 dollars; The resistance is seen for $ 108,000.

Bitcoin has regained $ 106,000 sign today, touch The highest level of the day is 106,039 dollars. At the time of the press, BTC is trading at 106,144.42 dollars, indicating a moderate increase of 0.52 % over the past 24 hours. Despite this increase, the trading volume decreased 24 hours by 5.65 % to 37.13 billion dollars.

Meanwhile, Bitcoin’s market value increased to $ 2.1 trillion, while its fully diluted evaluation (FDV) amounted to $ 2.22 trillion. The maximum market rate is now 1.75 %, indicating a limited momentum despite price stability.

Currently, the Bitcoin trading offer is 19.87 million BTC, near the fixed maximum of 21 million. The supply of the show continues to support the long -term upscale feelings. However, the narrow trading range today is alluded to monotheism rather than collapse.

Bitcoin (BTC) at a crossroads

If the bullish pressure persists, BTC may try to violate the resistance of the closest resistance of $ 108,000. If this level is cleared, then the next upward trend goal It lies at 110,500 dollars. On the contrary, immediate support depends on $ 10,800. Low below can pull prices to the $ 100,000 psychological threshold.

Technical indicators reflect cautious optimism. The RSI is currently reading 54.87, and it hovers above its average at 54.64. Although this indicates moderate bullish control, the momentum remains defeated. The RSI curve recently wore low levels, indicating a recovery from a brief decline to a neutral area. However, it still lacks a strong directional conviction.

The flow of Chaikin (CMF), currently at 0.07, indicates the flow of marginal capital to BTC. Although it is still positive, the CMF trend shows a clear decrease since mid -May. This indicates a decline in the investor’s confidence, perhaps due to mitigating the sizes or uncertainty in the macro. However, the value remains higher than scratch, which means that the pure purchase still exceeds pressure.

Animated intermediates provide mixed signals. The price procedure remains higher than the moving average in the short term, which confirms the primary direction. However, a decisive average medium intersection has not occurred recently, which limits the clarity of the immediate direction. In total, the technical position of Bitcoin is balanced with caution.

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