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#BTC#
Current Bitcoin (BTC) Technical Analysis and Tips (General Outlook):
* Moving Averages: Especially the 50-day and 200-day moving averages can be used as support or resistance points. When the Bitcoin price falls below the moving averages, it can be considered resistance, and when it rises above them, it can be considered support.
* Resistance Levels:
* $104,600 - $105,755: These levels are shown as important resistance areas that Bitcoin may encounter in the short term. A close above these levels can be an important signal for the continuation of the rise.
* $109,300 - $109,800: Some analysts consider this range a dangerous area to search for short positions. A close above these levels can cause the rise to accelerate.
* $111,000 - $112,000: These levels are stated as regions that can be targeted in a possible bullish scenario.
* $119,000: Some analysts expect a move to this level as the 4-hour MACD completes a bullish cross.
* $150,000: This level is also mentioned among long-term targets.