The BTC/USDT perpetual futures on Binance is currently trading at $105,861.50, marking a +0.29% increase for the day. The 24-hour price range spans from a low of $103,600.6 to a high of $105,900.0, indicating a bullish price recovery. Technical indicators show that BTC has reclaimed and held above key moving averages: MA(7) at $104,890.1, MA(25) at $104,764.2, and MA(99) at $104,656.6, reinforcing the current uptrend. The RSI(6) stands at 84.2, which places the asset in overbought territory and may signal potential short-term price correction or consolidation. Trading volume has been substantial, with 158,089.139 BTC changing hands in the past 24 hours, equivalent to a total volume of $16.55 billion in USDT. Performance metrics remain strong with a 1.56% gain today, +10.10% over 30 days, and +26.77% in the past 90 days, supported further by a 55.35% rise over the past year, despite a slight -3.19% dip over the last 7 days. These trends suggest strong underlying momentum with caution warranted for possible short-term retracements.
