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$BTC price has shown a steady recovery from the recent low of 100,272.68 and is
https://www.gate.io/activities/gate-learn-meme-challenge?ch=learnMemeChallenge_20250107&invite_uid=19544238&nk_name=Hadiqakanwal pro&ref=19544238
consolidating near the 102,104.35 level. The upward slope of the moving averages and MACD confirms a bullish short-term trend, but caution is needed as RSI indicates overbought conditions.
Bullish Scenario: A breakout above 102,499.74 could lead to testing the next resistance at 103,800.00.
Bearish Scenario: If the price falls below 101,319.13, the next support is at 100,272.68, and further bearish momentum may ensue.
Technical Levels:
Immediate Resistance: 102,499.74 USDT (recent high on the chart).
Next Resistance: 103,800.00 USDT (24-hour high).
Immediate Support: 101,319.13 USDT.
Next Support: 100,272.68 USDT (24-hour low).
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