$BTC
Exactly—BTC may seem bullish for several reasons, so it's useful to delve into what is driving the movement.
Here's a quick overview of typical bullish indicators:
Price Action: Higher highs and higher lows on the daily chart? This is a classic bullish structure.
Moving Averages: Trading above the 50-day and 200-day moving averages? Golden cross?
Volume: Price increasing with strong volume = real momentum.
RSI: Between 50–70 shows strength without being overbought.
News/Events: Inflows of ETFs, halving hype, macroeconomic data, or institutional purchases?
If you want, I can pull the current market data and give you a more detailed analysis. Do you want me to check the latest charts and the sentiment of BTC?