Bitcoin ($BTC ) Daily Chart Analysis: Momentum’s Still Strong
Bitcoin is making waves near the $110K zone, showing signs of strength at high levels. Let’s break down the technicals:
1. Golden Cross Confirmed
The 7-day MA (yellow) has crossed above the 25-day MA (pink)—a classic Golden Cross signal.
This indicates solid short-term momentum and ongoing buy pressure.
On top of that, the 25-day MA remains comfortably above the 99-day MA (purple) and continues to curve upward, suggesting the medium-term trend is also firmly bullish.
2. Low Volatility, High Strength
The current daily amplitude sits around 1.29%, showing controlled price movement rather than volatile swings.
After touching a local high of $111,980, BTC experienced a small pullback—but quickly bounced back, confirming support near key psychological levels.
3. Volume on the Rise
Volume is increasing alongside price, which adds credibility to this move.
Rising price + rising volume = sustainable trend.
4. Psychological Resistance in Play
The $110,000 mark is a key psychological barrier.
BTC is not only holding steady near it—it’s attempting to establish it as support, opening the door for a breakout toward higher levels.
Summary
- Golden Cross?
- Rising volume?
- Steady momentum with low volatility?
Resistance becoming support? Possibly soon.
All signs point toward continued upside in the short term.
Stay sharp—momentum is on the bulls’ side.
$BTC
