The BTCUSDT Perpetual Futures contract is trading at $96,753.3, reflecting a strong +2.21% gain, with the mark price at $96,749.6. In the past 24 hours, Bitcoin hit a high of $96,934.9 and a low of $93,327.0, supported by a high trading volume of 175,127.994 BTC, equivalent to $16.58 billion USDT.
Technically, BTC has surged above all key moving averages — including the 7-period MA ($95,565.7), 25-period MA ($94,602.3), and 99-period MA ($95,201.1) — indicating a strong bullish breakout. The volume spike confirms significant buying interest behind this move.
The Relative Strength Index (RSI) is currently at 83.0, signaling that BTC is in overbought territory, which often precedes a short-term correction or price stabilization phase.
In summary, BTCUSDT perpetual futures show a powerful upward momentum, confirmed by a breakout above long-term resistance levels and high volume. However, with RSI well above 80, traders should watch for potential pullbacks or consolidation before the next major move.