Today, Bitcoin $BTC showed renewed bullish strength against Tether (USDT), with the pair trading at $111,309.66, marking a 0.59% gain in the last 24 hours. The 24-hour high peaked at $111,980, while the low stood at $110,407.89, highlighting a volatile yet upward-trending market.
Key Insights:
Volume & Activity: The trading volume remains significant, with over 20,541 $BTC and 2.28 billion USDT exchanged in the past 24 hours, reflecting strong market participation.
Technical Indicators:
The MA(60) is holding at $111,089.12, while short-term moving averages (MA5: 8.68, MA10: 8.36) indicate increasing bullish pressure.
Momentum indicators such as MACD and RSI support a continuation of the uptrend, with RSI showing a strong 59.99% over a 1-year performance.
Volume Surge: The recent spike in the volume bars (as seen around 14:42) could signal institutional or large trader activity, often a precursor to major price movements.
Order Book Sentiment: The market is currently dominated by buyers, with 75.39% leaning toward the buy side—significantly outweighing the 24.61% sell orders.
Conclusion: BTC/USDT is showing a solid upward trajectory, supported by strong volume, technical indicators, and market sentiment. Traders and investors should keep an eye on resistance at the $112,000 level while maintaining strategic risk management, especially in such high-volatility conditions.
$BTC 
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