#CryptoFees101 $BTC

📈 Technical Analysis for BTC/USDT Pair 📈

Let's take a quick look at Bitcoin's performance against the US Dollar:

* Current price: 105,256.20 USDT

* Change over 24 hours: an increase of 1.45%, reflecting positive momentum recently.

* Daily trading volume: 1.30 billion US dollars, which is a good volume indicating strong market activity.

Notes on technical indicators:

* Candlesticks: After a period of volatility, we notice that the price is trying to stabilize above important levels, with green candles indicating buyer strength.

* Moving Averages (MA): The price is trading above MA(7) and MA(99), but it is still trying to break above MA(25), which could confirm the upward trend.

* Relative Strength Index (RSI): at 51.62, which is in a neutral zone, meaning there is room for movement in both directions without the pair being in overbought or oversold territory.

* MACD: Although the MACD line is still below the signal line, the histogram shows a decrease in bearish momentum, which may indicate a potential imminent reversal or slowdown in the decline.

Summary:

The technical picture for BTC/USDT appears balanced, with positive signals from price and trading volume, but the break of key moving averages and the shift in the MACD indicator should be monitored for stronger confirmation signals. The market is closely watching the 106,000 USDT level as an important resistance area.

What are your expectations for Bitcoin in the coming days?