Technical analysis indicates positive short-term sentiment with the price comfortably above major moving averages. If this momentum continues and BTC closes above the $97,700 resistance, a retest of the $100,000 psychological level could be on the cards. However, the Relative Strength Index (RSI) is nearing overbought territory, signaling a possible pullback if buying pressure eases.
Keep an eye on overall market sentiment, news related to regulatory developments, and any significant whale movements, as these can introduce volatility. While a steady climb isn't guaranteed, the current outlook favors continued positive price action in the short term.
