Bitcoin (BTC) is showing bullish momentum, currently trading at $109,469.9 (+1.99%), after bouncing strongly off the $105,010 support zone. The 4-hour chart reveals a sharp recovery with increasing green volume bars and a bullish crossover on the KDJ indicator (K: 40.5, D: 27.9, J: 65.6).
🔍 Technical Highlights:
RSI (6): 58.7 – indicating moderate strength, nearing overbought territory.
MACD: Still bearish but shows signs of narrowing, suggesting a possible upcoming crossover.
Volume: Strong buying volume seen on recent candles, hinting at renewed investor interest.
🟢 Immediate Resistance:
$109,690 (24h high)
🔴 Support Level: $105,010 (recent low)
📊 Sentiment: Turning bullish on short-term timeframes. A breakout above $110K could confirm trend continuation.
