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#BTC Market Analysis#


If we need to make a current analysis for Bitcoin (BTC), market data and technical indicators generally show that the upward trend continues.
Current Price and General Situation:
*Current Price: Bitcoin's price is trading in the range of 104,939 - 105,317 USD. (Prices can change instantly, so it is important to check a reliable crypto exchange for the most up-to-date data.)
*Market Value: It is around 2.08 Trillion USD.
*24-Hour Volume: Around 34.56 - 37.42 Billion USD.
*Last 24-Hour Change: There has been a slight increase/retraction between 0.10% - 0.54%.
*Weekly/Monthly Change: According to some sources, a slight weekly pullback (-3.84%) and a monthly increase of around 8% - 9% are observed.
Technical Analysis and Important Levels:

* Uptrend: Bitcoin is showing a steady uptrend, especially on the weekly chart, creating "High Highs" and "High Lows".

* Moving Averages: The upward slope of the 200-day moving average is a sign of a strong trend. In some analyses, the upward cross of the 50-day moving average (golden cross) of the 200-day moving average indicates that the rise will continue.

* Support Levels:

* Critical Psychological Level: $100,000 stands out as a strong psychological support level. It is important to maintain this level.

* Other Supports: $90,000 and the range of $106,000 - $107,300 are also stated as important support areas. In particular, the $106,000 level, which was previously a support, can now be seen as resistance.
* Resistance Levels:

* Nearby Resistance: The 110,000 USD level is expected to be a strong resistance.
* Future Targets: According to some estimates, if current trends continue, the price could rise to 119,000 USD by mid-June, or even above 120,000 USD in the optimistic scenario.

Post-Halving Situation and General Expectations:

In summary:
The general outlook for Bitcoin is that it will continue its upward trend in the long term, due to post-halving supply restrictions and ongoing institutional interest. However, in the short term, fluctuations may occur due to market dynamics and possible profit sales. Investors are advised to carefully follow support and resistance levels and conduct risk management.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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Ybaservip
· 06-03 00:34
Ape In 🚀
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CryptoInfosvip
· 06-02 10:16
HODL Tight 💪
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Discoveryvip
· 06-02 09:08
Watching Closely 🔍
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Discoveryvip
· 06-02 09:08
Watching Closely 🔍
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Smirneyvip
· 06-02 08:37
Watching Closely 🔍
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Karacadaglivip
· 06-02 08:37
Bitcoin always has the potential to rise
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Old_manvip
· 06-02 08:36
HODL Tight 💪
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Miya_xanakavip
· 06-02 08:35
Good analysis and accurate trend prediction.
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Sel_98_swvip
· 06-02 08:33
2025 GOGOGO 👊
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Cansen_iovip
· 06-02 08:33
HODL Tight 💪
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