As of February 11, 2025, Bitcoin (BTC) is trading at approximately $98,000 USD, reflecting a 1.78% increase from the previous close.
Technical Analysis:
Moving Averages: The 5-day and 10-day simple moving averages are below the current price, indicating a short-term bullish trend. Conversely, the 20-day and 50-day simple moving averages are above the current price, suggesting potential resistance levels.
Relative Strength Index (RSI): The 14-day RSI is at 42.43, indicating a neutral market sentiment.
MACD: The Moving Average Convergence Divergence (MACD) indicator is at -1,023.89, suggesting