$BTC slowly shows a more solid structure, currently trading in the range of $96,990 after touching a local high of $97,424. Technically, this movement reflects a healthy consolidation after the previous bullish impulse that pushed the price from the $83,275 area.
EMA (13, 21, and 99) is still in a bullish continuation formation with price action stabilizing above all three. EMA13 ($95,986) and EMA21 ($95,572) provide a fairly strong short-term dynamic support area for now.
Technical indicators also confirm the potential for continued uptrend:
* MACD is starting to strengthen again, with the DIF and DEA lines beginning to open a gap upwards, accompanied by a new positive histogram reappearing
* KDJ in the upper zone (K: 81.49) is approaching overbought conditions but has not yet shown distribution signals
* RSI(6) at 65.89, still in a safe zone without excessive overheating, meaning there is still room for upward movement
Volume in the last 24 hours is also quite stable at 18,964 BTC, indicating that accumulation is still ongoing even without a significant spike in volatility.
Anyway, here I include my version of the Bitcoin outlook ➡️ $BTC
Disclaimer: Not Promotion & Not Financial Advice
