Bitcoin remains at the center of attention in the cryptocurrency market, demonstrating significant price fluctuations. Current prices and thresholds for further growth are becoming relevant for investors.
Current Price and Liquidations in the Bitcoin Market
Currently, Bitcoin is trading at around $114.1K, which corresponds to a 2.14% increase in market capitalization at $3.96 trillion. Over the last 24 hours, the BTC market recorded liquidations totaling $46.84 million, indicating high trading activity.
Technical Analysis of BTC and Forecasts
According to TradingView technical chart analysis, the MACD line is positioned above the signal line, indicating bullish momentum. The Chaikin Money Flow indicator for BTC is at 0.19, suggesting strong buying pressure. On the four-hour chart, Bitcoin might encounter key resistance at $114,153. In the event of continued growth, a 'golden cross' could occur, potentially pushing the price to the previous high around $114,163.
General Situation in the Cryptocurrency Market
Bitcoin's Fear and Greed Index is at 54, indicating neutral sentiment among investors. The daily Relative Strength Index (RSI) of Bitcoin at 63.34 also suggests potential for further growth. Strong metrics, such as a Bull Bear Power reading of 2,426.27, confirm the dominance of bulls in the market.
Thus, Bitcoin shows steady growth, and current technical indicators support a positive outlook. The future actions of market participants will dictate its short-term prospects.
