$BTC
Bitcoin is performing strongly today, trading around \$102,900—a gain of over 3% from the previous day. The price surged past the \$100,000 mark again, reaching an intraday high of \$103,978. This bullish momentum is supported by renewed investor optimism driven by positive macroeconomic news, such as progress in U.S.-U.K. trade talks and potential tariff relief in the U.S.-China relationship. The overall market is in a “risk-on” mode, which is benefiting cryptocurrencies alongside equities.
From a technical perspective, Bitcoin’s indicators suggest a continuation of upward momentum, though caution is warranted. The Relative Strength Index (RSI) is above 70, which could point to overbought conditions and a potential pullback. If the \$100,000 support level doesn't hold, a correction to around \$92,000 is possible. While the short-term outlook remains bullish, traders should watch for signs of a cooldown or increased volatility.
