📊 Bitcoin Trend Analysis for the Next Three Months
Current market conditions 💰 Bitcoin is currently priced at 110,389 USD, with a 24-hour increase of 2.10%, having retraced about 11% from its historical high of 123,682 USD.
Technical analysis 📈 The RSI indicator shows 43.42, which is in the neutral to weak area. The daily super trend indicator still shows bearish signals. The key support level is in the range of $93,000 - $95,000. The resistance level is around $117,640.
Forecast for the next three months 🔮 Bullish factors: The expectation of a rate cut by the Federal Reserve has strengthened, improving liquidity. Institutional funds continue to flow in Bitcoin is transitioning from a risk asset to a safe-haven asset.
Investment Advice 💡 It is recommended to accumulate positions in batches, buying on dips in the range of $95,000-$105,000, with a target price of $125,000 and a stop loss set below $90,000.
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📊 Bitcoin Trend Analysis for the Next Three Months
Current market conditions 💰
Bitcoin is currently priced at 110,389 USD, with a 24-hour increase of 2.10%, having retraced about 11% from its historical high of 123,682 USD.
Technical analysis 📈
The RSI indicator shows 43.42, which is in the neutral to weak area.
The daily super trend indicator still shows bearish signals.
The key support level is in the range of $93,000 - $95,000.
The resistance level is around $117,640.
Forecast for the next three months 🔮
Bullish factors:
The expectation of a rate cut by the Federal Reserve has strengthened, improving liquidity.
Institutional funds continue to flow in
Bitcoin is transitioning from a risk asset to a safe-haven asset.
Risk Factors:
Seasonal adjustment pressure
Macroeconomic uncertainty
Target price 🎯
Short-term resistance: $117,000-$120,000
Medium-term target: $125,000-$130,000
Key support: $93,000-$95,000
Investment Advice 💡
It is recommended to accumulate positions in batches, buying on dips in the range of $95,000-$105,000, with a target price of $125,000 and a stop loss set below $90,000.