#BTC is currently experiencing a bullish trend. Over the past 24 hours, BTC has increased by 3.6%, and the candlestick charts reflect a steady upward movement. As seen in the provided chart, BTC rose from around $115,000 earlier today to its current price of $117,762, with a brief dip around 06:00 before recovering and continuing its ascent as of 04:21 PM -03 on July 11, 2025. This upward trajectory aligns with the longer-term performance, showing a 103.7% increase over the past year.

Technical indicators signal a strong buy for BTC, with RSI, Stochastics, and CCI likely pointing towards positive momentum. The recent price surge suggests the RSI is nearing overbought territory, while Stochastics and CCI reinforce the bullish trend, especially with the break above the $117,000 resistance level.

The moving averages present a mixed outlook—short-term averages might suggest a hold due to the brief dip earlier today, whereas long-term averages strongly indicate buying, reflecting the 103.7% yearly gain. Despite some volatility in the short term, the overall market sentiment leans towards an uptrend for Bitcoin, supported by its consistent performance over the past year.

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