Bitcoin (BTC) is currently trading around $102,600, showing a slight increase over the past 24 hours but a strong 10% gain for the week. We've seen a push towards the previous all-time high of $109,300, fueled by positive sentiment from potential US-China trade de-escalation.
Technically, the market exhibits bullish momentum, but caution is warranted as we approach resistance. Whale activity shows increased buying, suggesting long-term confidence. However, oscillators indicate a potential overbought condition. A decisive break above $109,300 could trigger further upside, targeting $120,000. Failure to break may lead to a correction towards the $100,000 support level. Monitor volume and macroeconomic news closely for confirmation.
