$BTC

Bitcoin's current market sentiment is bullish, with a mix of indicators supporting both upward and downward momentum. Here's a breakdown :

- *Bullish Indicators:*

- *Price Movement*: Bitcoin's price has increased by 40% since April 7, approaching its all-time high of $109,356.

- *Sentiment*: The Fear & Greed Index stands at 73, indicating "greed" and a bullish sentiment.

- *Technical Analysis*: Most moving averages and oscillators signal a "buy," with a bullish trend expected in the long term.

- *Bearish Indicators:*

- *Short-term Prediction*: Some analysts predict a potential correction in the near-term, with a possible decline to $95,600-$98,200 before new highs.

- *RSI and MACD*: Bearish divergences have been generated, indicating potential short-term weakness.

- *Resistance Levels*: Bitcoin faces resistance at $111,909, and a drop to the SMA level of $106,049 is possible if it continues to decline.

Given these mixed signals, traders should closely monitor key levels and market sentiment to determine the next direction of BTCUSDT.