The Bitcoin price has risen over 6% in the last 24 hours to $100,737.20 following US President Donald Trump's announcement of a temporary pause on import tariffs on Canada, Mexico, and China.
Bitcoin Price Resistance Test
Bitcoin is attempting to break above the $102,964.28 resistance level. According to GeckoTerminal, if this barrier is overcome in the next 24-48 hours, the price might rise to $108,807.48. Otherwise, Bitcoin may test the support level at $98,063.55 or fall as low as $93,904.24.
Bulls and Bears in Tug of War
Technical indicators suggest a fight between bulls and bears. The MACD line is below the Signal line, indicating a bearish sentiment; however, it's moving upwards. The RSI is positioned below its SMA, suggesting sellers have the upper hand, though the gap is narrowing.
Best Wallet Overview
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