$BTC is trading around $103,500 - $104,500 USD, maintaining the strong bullish momentum observed over the weekend.
Technical analysis continues to indicate a positive short-term trend, with BTC having decisively broken above the key $100,000 resistance level.
While the RSI remains in overbought territory, suggesting a potential for consolidation or a minor pullback, the overall market sentiment is optimistic, fueled by strong buying volume and decreasing exchange reserves.
Key levels to watch include the immediate resistance around $105,000 and potential support in the $102,000 - $103,000 range.
The market is closely monitoring if Bitcoin can sustain these levels and potentially push towards new all-time highs, although short-term volatility remains a factor to conside
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