Bitcoin's price has seen a significant increase of over 8% in the past week, reaching a new all-time high of $108,000 on January 20. However, technical indicators such as the DMI and RSI suggest that the strength of the uptrend may be weakening, with sellers gaining influence. The ADX, which measures trend strength, has fallen below 25, indicating a potential slowdown in market activity or a pause in the uptrend. The +DI has declined, reflecting waning buying pressure, while the -DI has increased, indicating rising selling pressure. The RSI has also dropped, suggesting a shift in momentum. Despite still being in an uptrend, the weakening indicators suggest that Bitcoin may enter a consolidation phase or face a potential reversal. The EMA lines show that Bitcoin is currently in an uptrend, but the narrowing distance between them indicates weakening bullish momentum. If the uptrend regains strength, Bitcoin could test resistance levels at $105,700, $108,500, and even $110,000. On the downside, if momentum cools off, Bitcoin could test support levels at $98,800, with potential further declines to $97,800 and $91,200.



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