Bitcoin continues to show slight price changes, indicating a current sideways trend. Analysis reveals that the asset has not experienced significant swings recently.
24-Hour Price Change for Bitcoin
In the last 24 hours, the price of Bitcoin (BTC) has increased by 0.55%. Currently, BTC is trading at $105,462.
Current Price Channel Analysis
On the hourly chart, the price of Bitcoin is in the middle of a local channel, between support at $104,923 and resistance at $106,130. Since the price is far from key levels, sharp moves are unlikely to occur by tomorrow.
Volatility Predictions for the Coming Days
On larger time frames, the situation remains similar. Over the past week, traders have not witnessed significant volatility, as confirmed by decreasing volumes. Overall, Bitcoin is expected to consolidate within the range of $103,000-$110,000 until the end of the month.
In conclusion, current trends in the Bitcoin market indicate stability, and it is likely that the situation will remain within a sideways trend in the upcoming days.
