$BTC BTC surges, the market boils!

Recently, the BTC market has once again stirred up waves. Previously in April, BTC set multiple historical highs, and although it faced rejection at the 200-day simple moving average, the upward momentum remains strong. Trader Roman pointed out that the Relative Strength Index is in the 'overbought' area, and similar situations have seen corrections of 10 - 15% before, but this still cannot conceal the market enthusiasm.

The surge in BTC is partly due to its scarcity, with a total supply of 21 million coins making it easy to rise in supply-demand relations; on the other hand, market demand, institutional capital influx, and the development of blockchain technology are also important factors. However, BTC price volatility is high, and investments should still be cautious.