- Bitcoin (BTC) reaches $ 106,039 with a daily gain of 0.52% and a market capitalization of $ 2.1 t.
- The key support amounts to $ 103,800; Resistance is observed at $ 108,000.
Bitcoin has recovered the $ 106,000 mark today, touching An intra -day summit of $ 106,039. At the time of the press, BTC is traded at $ 106,144.42, showing a slight gain of 0.52% in the last 24 hours. Despite this increase, the negotiation volume 24 hours a day decreased 5.65% to 37.13 billion dollars.
Meanwhile, the Bitcoin market capitalization increased slightly to 2.1 billions of dollars, while its fully diluted evaluation (FDV) reached 2.22 billions of dollars. The market capitalization ratio is now 1.75%, suggesting a limited dynamic despite price stability.
Currently, the circulating offer of Bitcoin is 19.87 million BTC, near the fixed ceiling of 21 million. The supply constraint continues to underlie the long-term bullish feeling. However, today's narrow trading range refers to consolidation rather than a break.
Bitcoin (BTC) at a crossroads
If the upward pressure undergoes, BTC could try to violate its nearest resistance at $ 108,000. If this erases this level, the next advantage target is $ 110,500. Conversely, immediate support is at $ 103,800. A drop below that could reduce prices to the psychological threshold by $ 100,000.
Technical indicators reflect cautious optimism. The relative resistance index (RSI) currently reads 54.87, oscillating just above its average at 54.64. Although this indicates a light bull control, the momentum remains moderate. The RSI curve recently rebounded from lower levels, indicating the recovery of a brief drop in a neutral territory. However, it still lacks a strong directional conviction.
The monetary flow of Chaikin (CMF), currently at 0.07, signals an influx of marginal capital in the BTC. Although always positive, the CMF trend has been showing a clear drop since mid-May. This suggests that it rehashing investors' confidence, perhaps due to volumes of clarification or macro uncertainty. Nevertheless, the value remains greater than zero, which implies that the net purchase always prevails over the sales pressure.
The displaced averages offer mixed signals. Price action remains greater than the short -term mobile average, confirming a basic trend. However, no decisive average multiserment for the mobile average has taken place recently, which limits the clarity of immediate trends. In total, the technical posture of Bitcoin is cautiously balanced.
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