At press time, bitcoin’s market capitalization is $2.03 trillion, and its current price is cruising along at $102,536 to $102,739 in the last hour. Its 24-hour trading volume is $62.38 billion, and its intraday price has fluctuated between $97,532.25 and $102,629.
Bitcoin‘s daily chart reveals a period of tight consolidation around the $102,000 mark, following a rebound from a low of $87,119 and a high of $108,364. The pattern of higher lows indicates a continuation of bullish momentum. Both exponential and simple moving averages (EMAs and SMAs) across all timeframes suggest favorable conditions for buying. Resistance remains firm at $108,000, while support holds near $98,000, forming critical levels to monitor.
Source - Bitcoin News
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