$BTC

the bitcoin is traded above US$ 97 thousand, a price level that hadn't been revisited since February of this year, about two months ago. The largest cryptocurrency in the world continues to accumulate strong institutional interest and is consolidating in the market against other assets.

The breakout of resistance at US$ 96 thousand reflects a conjunction of technical and structural factors. From a technical perspective, the RSI at 71 indicates overbought conditions, which may anticipate a correction. However, if the indicator remains above 70 with increasing volume, the bullish trend may gain strength, with bitcoin aiming at the psychological barrier of US$ 100 thousand — a possible trigger for a new historical record still this semester,” he said in a note.