Daily and weekly charts point to bullishness for Bitcoin
The daily chart shows that despite the recent rally, Bitcoin continues to trade between the 0.236 and 0.382 Fibonacci retracement levels of its last major bullish move. It is worth noting that the cryptocurrency has been consolidating between these levels since December 20, 2024.
However, the Relative Strength Index (RSI) has returned above the neutral zone of 50. This shows that buyers are regaining control of the trend, which increases the chances of a breakout above this trading range.#CryptoReboundStrategy #AIAgentFrenzy #SUIHitsATH
