$BTC ➡️➡️Price: BTC/USD is trading at approximately $96,694.24 (per LiteFinance) to $99,887.18 (per Binance), with an average around $97,200.01 (InvestingHaven).

➡️24-Hour Change: Up +2.24% to +4.18% (Yahoo Finance, Binance).

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Market Cap: Approximately $1.98 trillion with a 24-hour trading volume of $78.06 billion

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Key Technical Indicators

Moving Averages (MA):

50-Day SMA: ~$86,151, rising and below the current price, indicating short-term bullish momentum. A potential support if price retraces.

200-Day SMA: ~$87,000–$93,990, sloping upward since January 5, 2025, signaling a strong long-term bullish trend.

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Relative Strength Index (RSI):

14-Day RSI: ~65.92 (CoinCodex) to above 70 (Investtech), indicating neutral to overbought conditions.

RSI above 70 on shorter timeframes (4H, daily) suggests strong momentum but risks a pullback if overbought conditions persist. Neutral RSI (30–70) on weekly charts supports sustained bullishness without immediate reversal signals.

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Price Patterns:

Ascending Channel: BTC is trading within an ascending channel (TradingView), with support at ~$90,000–$92,000 and resistance at $100,000–$104,000.

➡️➡️Descending Triangle: Cryptonews notes a descending triangle, suggesting compression but potential for a breakout above $100,000 if bullish momentum persists.

➡️➡️The bullish breakout from a falling wedge (CoinDCX) and higher highs/lows support a rally, but failure to break $100,000 could lead to consolidation or a pullback to $90,000.