Find key trading signals and the next move. Read till the end to catch hidden Bitcoin targets most traders miss.
Bitcoin trades at $107721 today. BTC holds above $107520 support. This level is crucial. Discover the next targets.
What are the support and resistance levels for $BTC?
Current Bitcoin Price: $107721
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $106000 | 100 EMA is the 100-day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term. |
| Support 2 | $104500 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. The lower Bollinger Band is the lower deviation from the 20-day simple moving average. |
| Resistance 1 | $109500 | 50 EMA is the 50-day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid-term. |
| Resistance 2 | $111500 | Upper Bollinger Band is the upper deviation from the 20-day simple moving average. |
FAQ
What price targets should I consider for Bitcoin $BTC?
Support sits at $107520. Resistance is near $109500. Traders watch these levels. Target $135439 is an extension.
Should I sell Bitcoin to take profits or wait?
The market bias is Bearish.
Stochastic RSI reads 35. This shows neutral momentum. It does not signal overbought. It does not signal oversold. Resistance sits at $109500. Place stop-loss below $106000. Protect your capital.
How do I set stop-loss levels for Bitcoin?
Place stops below $106000 support. Use swing lows for reference points.
What are the Bitcoin moving averages indicating?
EMA50 sits at $109500. EMA100 is at $106000. Bitcoin is at $107721. Current price is below EMA50. This signals short-term weakness. Price remains above EMA100. This provides some support. A sideways trend is likely.
What should a buyer or seller do?
Buyers enter near $107520 or $106000. Place stops below $104500. This limits downside risk. Sellers exit near $109500 or $111500. Take profits at $135439. Manage risk carefully. Protect your portfolio.
EMA50 is at $109500. EMA100 is at $106000. Bitcoin trades at $107721. Price below EMA50 signals weakness. Price above EMA100 shows support. Compare these values closely. Determine the current trend direction.
How do Fibonacci levels affect Bitcoin price?
Fibonacci 61.8% level sits at $107520. This is a critical support. Fibonacci 138.2% extension targets $135439. This is an upside target.
What does $BTC momentum show?
Stochastic RSI K reads 35. This shows neutral momentum. It is not overbought. It is not oversold. No strong trend is visible.
Conclusion
Bitcoin shows weakness below $107520 support. This is a key level. Eyes on $106000 for breakdown risk. A drop below $106000 is concerning. Momentum favors bears. Another sell-off may follow. Stay cautious. Protect capital.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post BTC Decision Time: 7 Bitcoin Levels To Track Today appeared first on Altcoin Buzz.
