#BTC# Currently, Bitcoin (BTC) is being traded at US$ 102,378.00.

BTC is currently $102378.0

On December 5th, 2024, Bitcoin surpassed the historic $100,000 mark, reaching resistances at $103,800 and $107,490. Technical analysis indicates that, although there is potential for further highs, the market may experience corrections due to the distance from moving averages. Immediate supports are at $99,317 and $97,200, with possible extensions to $91,600 and $87,000. 

On November 11, 2024, Bitcoin reached over US$ 82,000, driven by events such as the US presidential election. Technical analysis suggests that, maintaining the upward trend, BTC could seek the range of US$ 92,000. However, indicators such as the Relative Strength Index (RSI) point to an overbought market, indicating potential for correction.

On October 13, 2024, technical analysis based on Fibonacci levels projected the price of Bitcoin at $105,000. These projections take into account previous cycles and suggest that BTC may be on its way to new records, although returns may decrease with each subsequent cycle. 

On October 7, 2024, analysis indicated that, after a strong uptrend, Bitcoin entered a downtrend channel, a pattern that usually precedes a new upward trend. However, significant resistances were identified in the range of $63,000, and indicators such as Bollinger Bands and RSI suggest caution due to possible stagnation of buying forces. 

In summary, Bitcoin has shown a significant upward trend in recent months, reaching historic milestones. However, technical analysis indicates the possibility of corrections in the short term, especially due to overbought indicators and deviation from moving averages. Investors should closely monitor support and resistance levels and be prepared for possible market volatilities.