BTC/USDT is trading at $104,676.77, showing a slight daily decline of -0.03%, indicating a period of consolidation after a minor recovery from the recent low of $103,500.00. The price is moving just below the longer-term MA(99) at $105,514.73, which remains a key resistance zone. Meanwhile, it has started to climb above the short-term MA(5) at $229.46K, reflecting a positive shift in short-term momentum. RSI(6) stands at 64.36, approaching the overbought level, suggesting increasing buying strength, but a potential stall if momentum weakens. The volume at 218.99K shows decent participation but needs to grow to support a breakout. In terms of historical performance, BTC is up 0.65% today, though still down -2.85% over the last 7 days, signaling a weak but recovering trend. The 90-day (+24.47%) and 1-year (+61.23%) gains highlight a strong long-term uptrend. For a confirmed bullish reversal, BTC needs to break and hold above the MA(99) and the resistance zone near $105,500, with increased volume and sustained RSI strength.
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