Bitcoin Market Volatility and Key Price Levels
- Bitcoin traded between $95,000 and $98,000 this week.
- Key support level identified at $94,000 based on the 111-day Moving Average.
- Resistance level set at $117,000 using the 1.6 Gold Ratio Multiplier.
- Exchange inflows reached over $1.3 billion with a net inflow of $1.04 billion.
- Current Bitcoin price is $97,653 with a market cap of $1.93 trillion.
The Bitcoin market experienced volatility with prices consolidating between $95,000 and $98,000. Analyst Burak Kesmeci highlights critical levels at $94,000 for support and $117,000 for resistance. Exchange inflows suggest potential bearish trends as Bitcoin trades at approximately $97,653.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-breaking-117000-could-trigger-parabolic-rally-analyst/?rand=52377
