$BTC Exactly—BTC may seem bullish for several reasons, so it's useful to delve into what is driving the movement.
Here is a quick overview of typical bullish indicators:
Price Action: Are there 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 rising with strong volume = true momentum.
RSI: Between 50–70 shows strength without being overbought.
News/Events: Inflows of ETFs, halving hype, macroeconomic data, or institutional buying?
If you want, I can extract the current market data and give you a more detailed analysis. Do you want me to review the latest charts and BTC sentiment?
