Bitcoin (BTC) is showing renewed bullish momentum, currently trading at $96,675.24 with a 2.30% daily gain. The price has recently bounced from a local low of $83,508 and is now approaching the 24-hour high of $97,732. The EMA indicators (EMA9 at 95,377 and EMA21 at 92,872) reflect a clear uptrend, confirming buyer strength.
RSI levels (66.66 on RSI6 and 60.21 on RSI24) suggest that BTC is nearing overbought territory, hinting at strong demand but also cautioning about potential short-term pullbacks.
The MACD shows a bullish crossover, with momentum climbing steadily. Volume is robust, with 17,802 BTC traded in the last 24 hours, supported by 1.72B USDT volume—indicating strong participation. If BTC breaks and holds above $97,732, it could retest the $100K psychological resistance.
However, failure to maintain current momentum might lead to a correction towards the $92K–$94K range. Overall, sentiment is optimistic, but volatility remains high.
