$BTC

Bitcoin (BTC/USD) Market Resumes Uptrend As Bulls Reclaim Key Resistance Levels

Bitcoin Price Prediction

BTCUSD market resumes uptrend as the bulls reclaim key resistance levels. The recent massive breakout to the upside confirms the bulls' dominance in the market.

The 9-day Simple Moving Average (SMA) at $86,950 has begun sloping upward, confirming a shift in momentum as price trades firmly above it. The Relative Strength Index (RSI) indicator sits at 68.30, indicating strong bullish momentum but also nearing overbought territory, which suggests caution for late buyers.