Crypto

Can Bitcoin (BTC) maintain its momentum over $ 108,000 in the midst of mixed signals?

  • Bitcoin recovers $ 110,000 before settling at $ 109,039.59, up 1.27% in 24 hours.
  • The market capitalization rises to $ 2.16 t, with a negotiation volume 24 hours a day, reaching 47.64 billion dollars.

Bitcoin has resumed the ground today, climbing an intrajat peak of $ 110,376.88. Despite the diving at $ 107,214.15 in the last 24 hours, the asset Currently is negotiated at $ 109,039.59. Daily performances show an increase of 1.27%, reflecting renewed market confidence.

In addition, the Bitcoin market capitalization increased to 2.16 billions of dollars, while the fully diluted evaluation is now 2.28 billions of dollars. With a 24 -hour negotiation volume of $ 47.64 billion, the volume / market cap ratio reached 2.15%, highlighting active turnover and increased liquidity.

In parallel, the supply of Bitcoin circulation is stable at 19.87 million BTC, approaching the maximum supply ceiling of 21 million. This constraint continues to fuel the accounts of long -term rarity. While the price bounces, the technical conditions provide a mixed but revealing perspective.

Will the tight range of Bitcoin break a new rally?

According to the price table, the current support is at $ 108,571, as shown in the mobile average of 21 periods. If the BTC violated this level, the next floor could fall to $ 107,200. Conversely, resistance is now formed at $ 110,422. If the price erases this brand, it could quickly withdraw the region from $ 112,000.

However, the feeling remains cautiously neutral. The 14 -day relative force index reads 51.59, aligning almost with its average of 51.62. The two values ​​hover near the balance zone. Above all, the RSI has not entered the exaggerated or outdated territory, referring to the lack of extreme feeling.

The mobile averages of 9 periods and 21 periods converge approximately $ 108,816 and $ 108,571, respectively. Their tight propagation involves consolidation, but also suggests a probable short -term directional movement. A bullish crossover could catalyze a new upward side. On the contrary, if the shorter average descends below the longest, the short -term sales pressure can intensify.

In total, Bitcoin shows a short -term force supported by a tight offer and a strong commercial activity. Nevertheless, the neutral RSI, the flat CMF and the converging mobile averages suggest prudence. A break greater than $ 110,422 could revive the bullish momentum. Conversely, a sliding of less than $ 108,571 can trigger an accelerated drop to $ 107,200.

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