#ShareYourTrades $BTC
Bitcoin (BTC) is experiencing bullish momentum today, trading at $84,301, up 0.97% from the previous close. The intraday high reached $85,312, indicating strong upward pressure in the market.
Technical indicators support this bullish outlook:
Moving Averages: BTC is trading above its 50-day and 200-day moving averages, signaling a long-term uptrend.
RSI: The Relative Strength Index is above 50, suggesting continued buying momentum.
MACD: The Moving Average Convergence Divergence indicator is showing a bullish crossover, reinforcing the positive trend.
Analysts project that if BTC maintains this momentum, it could target levels around $124,000 in the coming months