$BTC The current momentum of Bitcoin (BTC) shows mixed signals, combining technical indicators and market data that suggest both opportunities and precautions for investors.

🔍 Key Technical Indicators

MACD (Moving Average Convergence Divergence): This indicator has recently shown a bullish signal, suggesting a possible positive momentum in the short term.

RSI (Relative Strength Index): The daily RSI is at moderately high levels, indicating a slight bullish momentum. However, it has not reached overbought levels, suggesting that there may still be room for further growth.

Golden Cross: Recently, a "Golden Cross" was confirmed, a technical formation that occurs when the short-term moving average crosses above the long-term moving average, which has historically been a bullish signal.

📊 Sentiment and On-Chain Indicators

Fear and Greed Index: Currently, this index stands at 70, indicating "greed." While this reflects positive sentiment in the market, it may also be a cautionary sign, as high levels can precede corrections.

MVRV (Market Value to Realized Value): This indicator shows that the market value of Bitcoin is above its realized value, which has historically been a sign that the asset might be overvalued and susceptible to corrections.

📈 Overall Perspective

Although several technical indicators point towards bullish momentum for Bitcoin, it is essential to consider signs of overvaluation and market sentiment. Investors should stay informed and consider both technical and fundamental indicators before making investment decisions.