Bitcoin (BTC) has surged past $97,000, marking its highest level in over two months. This rally is fueled by renewed institutional interest and easing global trade tensions. Notably, BlackRock’s Bitcoin ETF has amassed $40 billion in assets within 211 days, and firms like MicroStrategy and Metaplanet continue to accumulate BTC.
The Relative Strength Index (RSI) for Bitcoin is currently at 70, indicating overbought conditions. While this suggests strong bullish momentum, traders should be cautious of potential corrections.
For a comprehensive view of the market's RSI levels across various cryptocurrencies, you can refer to real-time RSI heatmaps available on platforms like CoinGlass and Trading Digits.
As Bitcoin approaches the psychological milestone of $100,000, the crypto market is abuzz with anticipation, signaling a potential altcoin season on the horizon.
