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Bitcoin (BTC) 4-Hour Analysis (as of May 28, 2025):
Current Price: Approximately $107,716 USD
Price Movement: Down about 2.3% in the last 24 hours
Intraday High: Around $110,294
Intraday Low: Around $107,257
Key Support Levels:
Around $107,000
Stronger support near $106,000
Key Resistance Levels:
Around $110,000
Next resistance near $112,000
Technical Indicators:
RSI and MACD are in neutral zones, indicating market indecision at the moment.
Summary & Suggestions:
For short-term traders: If the price falls below $107,000, it could dip further towards $106,000 support.
For long-term investors: Current prices look reasonable, but keep monitoring the market for clearer signals.
Several tough questions that PI is currently facing:
1. There is no planned roadmap, and open source is still far off. Open source is not at the level of a dirty dog.